SCHOLASTIC CORPORATION ANNOUNCES THIRD QUARTER DIVIDEND

Rhea-AI Summary

On December 15, 2021, Scholastic Corporation (NASDAQ: SCHL) announced a quarterly cash dividend of $0.15 per share for its Class A and Common Stock. This dividend will be paid on March 15, 2022, to shareholders on record as of January 31, 2022. This move reflects the company's commitment to returning value to shareholders while continuing its role as a leader in children's education and literacy.

Positive

• Quarterly cash dividend of $0.15 per share announced, enhancing shareholder value.
• Dividend payment demonstrates company confidence and commitment to shareholders.

Negative

• None.

NEW YORK, Dec. 15, 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 third quarter of fiscal 2022.  The dividend is payable on March 15, 2022 to all shareholders of record as of the close of business on January 31, 2022. 

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 dividend amount announced by Scholastic Corporation?

The announced dividend amount is $0.15 per share.

When will Scholastic Corporation pay the dividend?

The dividend will be paid on March 15, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is January 31, 2022.

How frequently does Scholastic Corporation pay dividends?

Scholastic Corporation typically pays dividends quarterly.