#United States #New York #Dividend Announcement #Scholastic Corporation #NASDAQ: SCHL

Scholastic Corporation Announces Fourth Quarter Dividend

On March 19, 2025, Scholastic Corporation (NASDAQ: SCHL), a leader in children's publishing and educational media, revealed that its Board of Directors has approved a quarterly cash dividend of $0.20 per share on its Class A and Common Stock. This dividend, indicating the company's ongoing commitment to delivering value to its shareholders, is set to be paid on June 16, 2025. To qualify for this dividend, shareholders must hold their shares by the close of business on April 30, 2025.

Scholastic, having a stronghold in the children’s literature industry for over 100 years, remains dedicated to fostering literacy and learning among children worldwide. The company organizes school-based book clubs and fairs, facilitating both access to quality literature and formative reading experiences across more than 135 countries. Scholastic’s diverse roster includes bestselling books, educational resources, and a range of engaging media aimed at sparking joy and promoting reading among younger readers.

Through its extensive efforts, Scholastic not only distributes books but also cultivates a rich reading culture, inspiring both personal and intellectual growth among children. These endeavors underline the company’s belief in nurturing lifelong learners through innovative educational tools and engaging stories.

With a robust distribution strategy, Scholastic continues to empower children and their families, making substantial contributions to literacy and education worldwide. As the quarter continues, this dividend announcement serves as a testament to the corporation's ongoing profitability and commitment to its financial responsibilities toward its shareholders. Scholastic Corporation's sustained success amidst the evolving landscape of education and publishing highlights the company’s adaptability and foresight in meeting children's needs in an educational context.

As they move into the second half of the fiscal year, stakeholders are optimistic about Scholastic’s financial strategies and long-term growth trajectory. The declared dividend not only rewards existing shareholders but also symbolizes the corporation's solid footing in the market, ensuring continued investment in innovative literacy initiatives and quality content for children. Looking ahead, Scholastic’s focus remains on delivering exceptional value through quality literature and educational experiences, thereby strengthening the bond between children and reading as they grow.

This move is expected to potentially attract more investors, reinforcing confidence in Scholastic's business model. As the company strides forward, it will continue to prioritize its mission of promoting reading and education, ensuring that upcoming generations remain empowered through literacy. Through its combined efforts in publishing and educational programming, Scholastic is not just building a successful business; it is also fostering a love for reading that will last a lifetime.

For more information on Scholastic and its offerings, one can visit Scholastic's Official Website.