Scholastic Co. Declares Quarterly Dividend of $0.20 (NASDAQ:SCHL)

Scholastic Co. (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.20 per share on Monday, June 16th. This represents a $0.80 annualized dividend and a dividend yield of 4.18%.

Scholastic has increased its dividend by an average of 10.1% per year over the last three years.

Scholastic Trading Up 0.5 %

Shares of NASDAQ:SCHL traded up $0.09 during trading on Wednesday, reaching $19.15. The company’s stock had a trading volume of 463,467 shares, compared to its average volume of 229,990. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. Scholastic has a 12 month low of $17.72 and a 12 month high of $39.54. The firm’s 50 day simple moving average is $20.08 and its two-hundred day simple moving average is $24.21. The stock has a market capitalization of $538.13 million, a PE ratio of -106.38 and a beta of 1.10.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. On average, research analysts predict that Scholastic will post 0.84 EPS for the current fiscal year.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.