Scholastic Keeps Dividend Steady
Children's book publisher Scholasticannounced 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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