Scholastic Corporation Announces Fourth Quarter Dividend

Rhea-AI Summary

On March 22, 2023, Scholastic Corporation (NASDAQ: SCHL) declared a quarterly cash dividend of $0.20 per share on its Class A and Common Stock for Q4 of fiscal 2023. This dividend is scheduled to be paid on June 15, 2023, to shareholders on record as of the close of business on April 28, 2023. This announcement reflects Scholastic's commitment to returning value to its shareholders, consistent with its long-standing business practices.

Positive

• Quarterly cash dividend of $0.20 per share indicates financial health and shareholder return.

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• None.

NEW YORK, March 22, 2023 /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 fourth quarter of fiscal 2023. The dividend is payable on June 15, 2023, to all shareholders of record as of the close of business on April 28, 2023.

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

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SOURCE Scholastic Corporation

FAQ

What is the amount of Scholastic's dividend for the fourth quarter of fiscal 2023?

Scholastic announced a dividend of $0.20 per share for the fourth quarter of fiscal 2023.

When will the dividend for Scholastic be paid?

The dividend will be paid on June 15, 2023.

What is the record date for Scholastic's dividend?

The record date for the dividend is April 28, 2023.

How often does Scholastic pay dividends?

Scholastic typically pays dividends quarterly.