Educational Development Corporation Announces Quarterly Dividend
September 06 2018 - 4:33PM
Educational Development Corporation (“EDC”) (NASDAQ: EDUC)
(http://www.edcpub.com) today announced that the Board of Directors
of EDC has approved a quarterly dividend of $0.05 to the
shareholders of record on September 17, 2018. The dividend is
expected to be paid on September 26, 2018.
Per Mr. White, “The approved dividend represents
the second straight quarterly cash dividend paid by the Company
during this fiscal year. During August of 2018, the Company
issued a stock dividend to the shareholders of record which had the
effect of a 2 for 1 stock split. The dividend declared today
is consistent with historical $0.10 dividend paid last quarter but
has been adjusted for the stock split to $0.05 per
share.”
About Educational Development
CorporationEDC is a publishing company specializing in
books for children. EDC is the sole American distributor of the
UK-based Usborne Books and owns Kane Miller Books, specializing in
children’s literature from around the world. EDC’s current catalog
contains over 2,300 titles, with new additions semi-annually. Both
Usborne and Kane Miller products are sold via retail outlets and by
direct sales consultants nationally.
Contact:
Educational Development
Corporation
Randall White, (918) 622-4522
Educational Development (NASDAQ:EDUC)
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