Scholastic Corporation Increases Quarterly Dividend by 25%

Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors approved a 25% increase in the regular quarterly dividend on its Class A and Common Stock, raising it from $0.20 to $0.25 per share, starting with the first quarter of fiscal 2027.

Rhea-AI Summary

Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors approved a 25% increase in the regular quarterly dividend on its Class A and Common Stock, raising it from $0.20 to $0.25 per share, starting with the first quarter of fiscal 2027.

The increased dividend will be payable on September 15, 2026, to shareholders of record on August 31, 2026, and the indicated annual dividend rate will now be $1.00 per share.

Positive

• Quarterly dividend per share increased 25% from $0.20 to $0.25
• Indicated annual dividend rate raised to $1.00 per share

Negative

• Dividend cash distributions per share rise by 25%, increasing cash outflow requirements

Argus Jul 23 session 4 alerts

+0.17% close to close 1.6x rel. volume Open Argus

Details

News Market Reaction – SCHL

-2.5% Trough Tracked

$855.54M Mkt Cap at Peak Alert

On Jul 23, the first trading day after this news, SCHL closed 0.17% above the previous close. Argus tracked a trough of -2.5% from its starting point during tracking. Our momentum scanner recorded 4 alerts for this stock that day. Relative volume reached 1.6x the daily average during tracking.

Data tracked by StockTitan Argus for the Jul 23 session.

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NEW YORK, July 22, 2026 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) announced today that its Board of Directors approved a 25% increase in its regular quarterly dividend to $0.25 per share from $0.20 per share on the Company's Class A and Common Stock, commencing with the dividend declared for the first quarter of fiscal 2027. The dividend is payable on September 15, 2026, to all shareholders of record as of the close of business on August 31, 2026. The indicated annual dividend rate will now be $1.00 per share.

About Scholastic

For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been meeting children where they are – at school, at home and in their communities – by creating quality content and experiences, all beginning with literacy. Scholastic delivers stories, characters, and learning moments that empower all kids to become lifelong readers and learners through bestselling children's books, literacy- and knowledge-building resources for schools including classroom magazines, and award-winning, entertaining children's media. As the world's largest publisher and distributor of children's books through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online, and with a global reach into more than 135 countries, Scholastic encourages the personal and intellectual growth of all children, while nurturing a lifelong relationship with reading, themselves, and the world around them. Learn more at www.scholastic.com.

SCHL: Financial

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SOURCE Scholastic Corporation

FAQ

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What dividend increase did Scholastic (NASDAQ: SCHL) announce on July 22, 2026?

Scholastic announced a 25% increase in its regular quarterly dividend, raising it from $0.20 to $0.25 per share. According to Scholastic, this higher rate applies to both Class A and Common Stock starting with the first quarter of fiscal 2027.

When will Scholastic's increased $0.25 quarterly dividend be paid to SCHL shareholders?

The increased $0.25 quarterly dividend will be payable on September 15, 2026. According to Scholastic, shareholders must be on record as of the close of business on August 31, 2026, to receive this dividend payment at the new higher rate.

What is the new indicated annual dividend rate for Scholastic (SCHL) after the increase?

The new indicated annual dividend rate for Scholastic is $1.00 per share. According to Scholastic, this reflects the 25% increase in the regular quarterly dividend from $0.20 to $0.25 per share on both Class A and Common Stock.

From which period will Scholastic's higher $0.25 dividend per share take effect for SCHL?

The higher $0.25 dividend per share will commence with the dividend declared for the first quarter of fiscal 2027. According to Scholastic, this increase applies to its regular quarterly dividend on both Class A and Common Stock going forward.

Who is eligible to receive Scholastic's September 15, 2026 dividend payment on SCHL shares?

Shareholders of record as of the close of business on August 31, 2026 will be eligible. According to Scholastic, these record holders will receive the increased regular quarterly dividend of $0.25 per share, payable on September 15, 2026.