Scholastic Corporation Announces Second Quarter Dividend

Rhea-AI Summary

Scholastic Corporation (NASDAQ: SCHL) declared a quarterly cash dividend of $0.15 per share on its Class A and Common Stock for Q2 of fiscal 2022. This dividend is set to be payable on December 15, 2021, to shareholders of record by October 29, 2021. With over 100 years in the industry, Scholastic continues its commitment to fostering literacy among children worldwide, distributing books and educational resources across 165 countries through various channels.

Positive

• Quarterly cash dividend of $0.15 per share declared.
• Dividend reflects the company's commitment to returning value to shareholders.
• Long-standing reputation and operational history over 100 years.

Negative

• None.

NEW YORK, Sept. 22, 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 second quarter of fiscal 2022.  The dividend is payable on December 15, 2021 to all shareholders of record as of the close of business on October 29, 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-second-quarter-dividend-301383035.html

SOURCE Scholastic Corporation

FAQ

What is the dividend amount for SCHL in Q2 fiscal 2022?

The dividend amount is $0.15 per share.

When will the dividend for SCHL be paid?

The dividend will be paid on December 15, 2021.

What is the record date for the SCHL dividend?

The record date for the dividend is October 29, 2021.

How often does SCHL pay dividends?

SCHL typically pays dividends quarterly.

Is the SCHL dividend sustainable?

The sustainability of the dividend depends on the company's financial performance and cash reserves.