Scholastic Keeps Dividend Steady
Jul 17th 2013 10:20PM
Updated Jul 17th 2013 10:24PM
Children's book publisher Scholastic announced today its fiscal 2014 first-quarter dividend of $0.125 per share on its Class A and common shares, the same rate it's paid for the past six quarters.
The board of directors said the quarterly dividend is payable on Sept. 16 to the holders of record at the close of business on Aug. 30. The publisher has made quarterly payouts to investors since 2008.
The regular dividend payment equates to a $0.50-per-share annual dividend, yielding 1.6% based on the closing price today of Scholastic's stock.
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