Scholastic Corporation Announces First Quarter Dividend

Rhea-AI Summary

Scholastic Corporation (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.15 per share on its Class A and Common Stock for Q1 fiscal 2022. This dividend is payable on September 15, 2021, for shareholders recorded by the close of business on August 31, 2021. Scholastic is a leading publisher and distributor of children's books and educational media, committed to promoting literacy and learning across international markets.

Positive

• Declared a quarterly cash dividend of $0.15 per share for Q1 fiscal 2022.
• Demonstrates confidence in financial stability and commitment to returning value to shareholders.

Negative

• None.

NEW YORK, July 21, 2021 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) is pleased to announce that its Board of Directors today declared a quarterly cash dividend of $0.15 per share on the Company's Class A and Common Stock for the first quarter of fiscal 2022. The dividend is payable on September 15, 2021 to all shareholders of record as of the close of business on August 31, 2021. 

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 15 international operations and exports to 165 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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/scholastic-corporation-announces-first-quarter-dividend-301338656.html

SOURCE Scholastic Corporation

FAQ

What is the dividend amount declared by Scholastic (SCHL)?

Scholastic declared a quarterly cash dividend of $0.15 per share.

When will the Scholastic (SCHL) dividend be paid?

The dividend will be paid on September 15, 2021.

When is the record date for the Scholastic (SCHL) dividend?

The record date for the dividend is August 31, 2021.

How often does Scholastic (SCHL) pay dividends?

Scholastic typically pays dividends on a quarterly basis.

Is the dividend from Scholastic (SCHL) sustainable?

The sustainability of the dividend depends on the company's financial health and profitability.