Scholastic Corporation Announces Fourth 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 Q4 of fiscal 2021. This dividend is payable on June 15, 2021 to shareholders recorded by the close of business on April 30, 2021. This announcement reflects the company's commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.15 per share declared for Q4 fiscal 2021.
• Dividend payment indicates strong commitment to returning value to shareholders.

Negative

• None.

NEW YORK, March 17, 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 fourth quarter of fiscal 2021.  The dividend is payable on June 15, 2021 to all shareholders of record as of the close of business on April 30, 2021. 

About Scholastic 

For 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 latest dividend announced by Scholastic Corporation (SCHL)?

Scholastic Corporation has announced a quarterly cash dividend of $0.15 per share.

When will the dividend for SCHL be paid?

The dividend will be paid on June 15, 2021.

What is the record date for Scholastic's dividend?

The record date for the dividend is April 30, 2021.

How often does Scholastic Corporation pay dividends?

Scholastic Corporation typically announces quarterly dividends.

Is the dividend announced by SCHL sustainable?

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