#USA #New York #literacy #Scholastic Corp #NASDAQ SCHL

Scholastic Corporation Declares Third Quarter Dividend

On December 11, 2024, Scholastic Corporation, listed on NASDAQ under the ticker symbol SCHL, disclosed an important financial update: the Board of Directors has declared a quarterly cash dividend of $0.20 per share. This dividend pertains to both Class A and Common Stock, reflecting the company's dedication not only to its shareholders but also to its ongoing mission in education.

The cash dividend is set to be payable on March 14, 2025, targeting shareholders recorded as of the close of business on January 31, 2025. This announcement represents a substantial commitment by Scholastic to reward its investors while reinforcing its role in the ever-evolving educational landscape.

A Legacy of Literacy

For over a century, Scholastic has carved a unique niche within the world of children's publishing and education. With a focus on empowering young readers through quality content, the company has made significant strides in literacy promotion. Their initiatives span diverse platforms, offering stories, characters, and learning experiences that are available to children in schools, homes, and communities.

Scholastic stands out as the world's largest publisher and distributor of children's books, facilitating literacy and education through school-based book clubs, and book fairs. Their outreach encompasses over 135 countries, ensuring that children everywhere are encouraged to read, learn, and grow.

Commitment to Community

In addition to its impressive publishing capabilities, Scholastic is devoted to fostering personal and intellectual growth among children. This commitment manifests through a variety of resources aimed at enhancing literacy skills, including classroom magazines and educational media that not only entertain but also educate.

The company's ability to combine profitability and global outreach showcases its vision of promoting lifelong readers and learners. Each quarter's dividend serves as a reminder of its dual commitment: to support its shareholders financially while making a positive impact on the educational journeys of children worldwide.

Looking Ahead

As Scholastic moves towards the next fiscal year, this recent dividend declaration signifies the corporation's robust financial health and long-term planning strategies. Investors are encouraged to stay engaged with Scholastic's developments as it continues to align its business objectives with its mission in literacy and education.

In conclusion, Scholastic Corporation's decision to declare a quarterly cash dividend highlights its ongoing commitment to its shareholders, while simultaneously reinforcing its fundamental goal of fostering literacy among children globally. Stay tuned for more announcements as the company approaches its 2025 fiscal goals, and watch how it continues to inspire young minds in the world of reading and learning.