Scholastic Corporation (SCHL) Declares $0.15 Quarterly Dividend

Scholastic Corporation (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, September 20th, RTT News reports. Stockholders of record on Tuesday, October 31st will be given a dividend of 0.15 per share on Friday, December 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%.

Shares of Scholastic Corporation (SCHL) opened at 38.51 on Thursday. The company has a market cap of $1.35 billion, a PE ratio of 26.13 and a beta of 0.75. The stock’s 50 day moving average price is $39.37 and its 200-day moving average price is $42.28. Scholastic Corporation has a 12-month low of $35.20 and a 12-month high of $49.38.

Scholastic Corporation (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.22. The firm had revenue of $499.60 million for the quarter, compared to analysts’ expectations of $508.00 million. Scholastic Corporation had a net margin of 3.00% and a return on equity of 5.10%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. On average, equities research analysts forecast that Scholastic Corporation will post $1.21 earnings per share for the current year.

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Several brokerages have weighed in on SCHL. BidaskClub raised shares of Scholastic Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of Scholastic Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, July 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $44.00 target price on shares of Scholastic Corporation in a research report on Wednesday, August 16th.

About Scholastic Corporation

Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

Dividend History for Scholastic Corporation (NASDAQ:SCHL)

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