Scholastic Corporation Announces First Quarter Dividend

Rhea-AI Summary

Scholastic (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.20 per share for the first quarter of fiscal 2025. This dividend applies to both Class A and Common Stock shareholders. The payment is scheduled for September 16, 2024, and will be distributed to all shareholders on record as of the close of business on August 30, 2024. This announcement demonstrates Scholastic's commitment to providing regular returns to its investors, maintaining its dividend program despite ongoing economic challenges in the publishing industry.

Positive

• Consistent quarterly dividend of $0.20 per share maintained
• Dividend applies to both Class A and Common Stock shareholders
• Demonstrates company's ability to generate cash flow for shareholder returns

Negative

• None.

NEW YORK, July 17, 2024 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) announced today that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the first quarter of fiscal 2025. The dividend is payable on September 16, 2024, to all shareholders of record as of the close of business on August 30, 2024.

About Scholastic

For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been encouraging the personal and intellectual growth of all children, beginning with literacy. Having earned a reputation as a trusted partner to educators and families, Scholastic is the world's largest publisher and distributor of children's books, a leading provider of literacy curriculum, professional services, and classroom magazines, and a producer of educational and entertaining children's media. The Company creates and distributes bestselling books and e-books, print and technology-based learning programs for pre-K to grade 12, and other products and services that support children's learning and literacy, both in school and at home. With international operations and exports in more than 135 countries, Scholastic makes quality, affordable books available to all children around the world through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online. Learn more at www.scholastic.com.

SCHL: Financial

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SOURCE Scholastic Corporation

FAQ

What is the amount of Scholastic's (SCHL) quarterly dividend for Q1 fiscal 2025?

Scholastic (SCHL) has declared a quarterly cash dividend of $0.20 per share for the first quarter of fiscal 2025.

When will Scholastic (SCHL) pay its Q1 fiscal 2025 dividend?

Scholastic (SCHL) will pay its Q1 fiscal 2025 dividend on September 16, 2024.

What is the record date for Scholastic's (SCHL) Q1 fiscal 2025 dividend?

The record date for Scholastic's (SCHL) Q1 fiscal 2025 dividend is August 30, 2024, at the close of business.

Which types of Scholastic (SCHL) shares are eligible for the Q1 fiscal 2025 dividend?

Both Class A and Common Stock shares of Scholastic (SCHL) are eligible for the Q1 fiscal 2025 dividend.