Scholastic Corporation Announces Third 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 the third quarter of fiscal 2021. The dividend will be paid on March 15, 2021, to shareholders on record by the close of business on January 29, 2021. This announcement reflects the company's ongoing commitment to returning value to shareholders while maintaining its strong position in the children's publishing market.

Positive

• Quarterly cash dividend of $0.15 per share indicates strong cash flow and shareholder return commitment.
• Dividend reflects confidence in financial stability and ongoing profitability.

Negative

• None.

NEW YORK, Dec. 16, 2020 /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 2021.  The dividend is payable on March 15, 2021 to all shareholders of record as of the close of business on January 29, 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

View original content to download multimedia:http://www.prnewswire.com/news-releases/scholastic-corporation-announces-third-quarter-dividend-301194234.html

SOURCE Scholastic Corporation

FAQ

What is the dividend amount declared by Scholastic Corporation?

The dividend amount declared is $0.15 per share.

When is the dividend payable for SCHL?

The dividend is payable on March 15, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is January 29, 2021.

How often does Scholastic pay dividends?

Scholastic typically pays dividends quarterly.

Is the dividend sustainable for SCHL?

The sustainability of the dividend can be assessed based on the company's financial performance and cash flow.