Scholastic Corporation (NASDAQ:SCHL) Declares $0.20 Quarterly Dividend

Scholastic Corporation (NASDAQ:SCHL - Get Free Report) declared 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 is Friday, August 29th.

Scholastic Price Performance

NASDAQ:SCHL traded down $0.08 during mid-day trading on Friday, hitting $21.32. 221,559 shares of the company's stock traded hands, compared to its average volume of 293,670. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 1.23. The firm's 50 day simple moving average is $19.43 and its 200 day simple moving average is $19.30. Scholastic has a 1 year low of $15.77 and a 1 year high of $38.77. The company has a market cap of $599.11 million, a PE ratio of 35.53 and a beta of 1.08.

Hedge Funds Weigh In On Scholastic

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Scholastic by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company's stock worth $262,000 after buying an additional 630 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Scholastic by 457.8% during the first quarter. Jane Street Group LLC now owns 81,390 shares of the company's stock worth $1,537,000 after buying an additional 66,798 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Scholastic by 160.5% during the first quarter. AQR Capital Management LLC now owns 157,436 shares of the company's stock worth $2,972,000 after buying an additional 96,998 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Scholastic by 4.2% in the first quarter. Empowered Funds LLC now owns 164,178 shares of the company's stock valued at $3,100,000 after purchasing an additional 6,628 shares during the period. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Scholastic Company Profile

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.