Scholastic Corporation Announces Third Quarter Dividend

Rhea-AI Summary

Scholastic Corporation (NASDAQ: SCHL) announced a quarterly cash dividend of $0.20 per share on its Class A and Common Stock for Q3 FY2023. This dividend is set to be paid on March 15, 2023 to shareholders on record by January 31, 2023. This payout reflects the company’s ongoing commitment to returning capital to shareholders while promoting growth in children's literacy and education.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Payout reflects ongoing commitment to shareholders.
• Dividend supports investor confidence.

Negative

• None.

NEW YORK, Dec. 14, 2022 /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 third quarter of fiscal 2023. The dividend is payable on March 15, 2023, to all shareholders of record as of the close of business on January 31, 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 dividend amount for SCHL announced on December 14, 2022?

The dividend amount for SCHL announced is $0.20 per share.

When will the SCHL dividend be paid?

The SCHL dividend will be paid on March 15, 2023.

What date is the record for the SCHL dividend?

The record date for the SCHL dividend is January 31, 2023.

How often does Scholastic Corporation pay dividends?

Scholastic Corporation typically pays dividends quarterly.

Is the dividend for SCHL sustainable?

The sustainability of the SCHL dividend can depend on future company performance and financial health.