Scholastic Corporation Announces Quarterly Dividend of $0.20 (NASDAQ:SCHL)

Scholastic Corporation (NASDAQ:SCHL - Get Free Report) announced a quarterly dividend on Wednesday, July 16th, RTT News reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.20 per share on Monday, September 15th. This represents a $0.80 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, August 29th.

Scholastic Stock Performance

Shares of NASDAQ SCHL traded down $0.08 during trading hours on Friday, hitting $21.32. 221,559 shares of the stock were exchanged, compared to its average volume of 291,856. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.79. The company's 50 day moving average is $19.48 and its 200 day moving average is $19.28. The firm has a market capitalization of $599.09 million, a P/E ratio of 35.53 and a beta of 1.08. Scholastic has a one year low of $15.77 and a one year high of $34.18.

Hedge Funds Weigh In On Scholastic

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of Scholastic by 160.5% during the 1st quarter. AQR Capital Management LLC now owns 157,436 shares of the company's stock worth $2,972,000 after purchasing an additional 96,998 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Scholastic by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company's stock worth $262,000 after acquiring an additional 630 shares during the last quarter. Empowered Funds LLC grew its holdings in Scholastic by 4.2% during the 1st quarter. Empowered Funds LLC now owns 164,178 shares of the company's stock worth $3,100,000 after acquiring an additional 6,628 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Scholastic by 457.8% during the 1st quarter. Jane Street Group LLC now owns 81,390 shares of the company's stock worth $1,537,000 after acquiring an additional 66,798 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

About Scholastic

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.