Board Approves 33% Increase in Dividend
Rate
NEW
YORK, July 20, 2022 /PRNewswire/ -- Scholastic
Corporation (NASDAQ: SCHL) is pleased to announce that its Board of
Directors today approved a 33% increase in its regular quarterly
dividend to $0.20 per share from
$0.15 per share on the Company's
Class A and Common Stock, commencing with the dividend declared for
the first quarter of fiscal 2023. The dividend is payable on
September 15, 2022 to all
shareholders of record as of the close of business on August 31, 2022. The indicated annual dividend
rate will now be $0.80 per share.
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
15 international operations and exports to 165 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