Scholastic Corporation Announces Second Quarter Dividend

Rhea-AI Summary

Scholastic (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.20 per share for the second quarter of fiscal 2025. This dividend applies to both Class A and Common Stock shareholders. The payment is scheduled for December 16, 2024, with a record date of October 31, 2024. This announcement demonstrates Scholastic's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.

Positive

• Consistent dividend payout indicates financial stability
• Dividend provides steady income for shareholders

Negative

• None.

News Market Reaction

+1.27%

1 alert

+1.27% News Effect

On the day this news was published, SCHL gained 1.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Sept. 18, 2024 /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 second quarter of fiscal 2025. The dividend is payable on December 16, 2024, to all shareholders of record as of the close of business on October 31, 2024.

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 international operations and exports in more than 135 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 Scholastic (SCHL) in Q2 2025?

Scholastic (SCHL) has declared a quarterly cash dividend of $0.20 per share for the second quarter of fiscal 2025.

When is the payment date for Scholastic's (SCHL) Q2 2025 dividend?

The dividend payment date for Scholastic (SCHL) is December 16, 2024.

What is the record date for Scholastic's (SCHL) Q2 2025 dividend?

The record date for Scholastic 's (SCHL) Q2 2025 dividend is October 31, 2024.

Which types of Scholastic (SCHL) stock are eligible for the Q2 2025 dividend?

Both Class A and Common Stock of Scholastic (SCHL) are eligible for the Q2 2025 dividend.