Scholastic Corporation Declares New Quarterly Dividend Payment
Scholastic Corporation Declares New Quarterly Dividend Payment
Scholastic Corporation (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.20 per share on its Class A and Common Stock for the second quarter of fiscal 2025. This decision was made by the Company's Board of Directors, showcasing its commitment to returning value to shareholders.
Dividend Payment Details
The announced dividend is set to be payable on December 16, 2024, to all shareholders who are recorded as owners on October 31, 2024. This timely payment reflects the robust financial health of Scholastic Corporation and its dedication towards its investors.
Commitment to Literacy and Education
For over a century, Scholastic Corporation has been a prominent figure in the field of education, particularly in fostering literacy among children. The Company is the largest publisher and distributor of children's books globally, providing essential resources that support both educators and families across multiple platforms.
Products and Services Offered
Scholastic Corporation is renowned for creating a wide range of resources tailored for children’s learning and literacy. Their offerings include bestselling books, e-books, print and digital learning programs, and engaging children's media. These products cater to various educational needs from pre-K through grade 12, ensuring that children have access to quality learning materials, irrespective of their circumstances.
Global Reach and Impact
With a significant international presence, Scholastic distributes its products to over 135 countries. This extensive reach allows them to make quality, affordable books available to children worldwide, fostering a love for reading from an early age. The company’s initiatives, such as school-based book fairs and online platforms, serve as valuable resources that create opportunities for children to discover and engage with books.
Supporting Educators and Families
Scholastic Corporation doesn’t just focus on publishing. It is also a key provider of literacy curriculum and professional services designed to support educators. By working closely with schools and communities, Scholastic aims to enhance literacy rates and overall educational outcomes for children.
Conclusion
The declaration of the quarterly dividend by Scholastic Corporation not only shows its strong financial position but also emphasizes its mission to invest in children's education. As the Company continues to innovate and offer diverse educational resources, it remains committed to nurturing the growth and development of young learners around the globe.
Frequently Asked Questions
What is the recent dividend declared by Scholastic Corporation?
Scholastic Corporation has declared a quarterly cash dividend of $0.20 per share for the second quarter of fiscal 2025.
When will the dividend be paid?
The dividend will be payable on December 16, 2024, to shareholders on record by October 31, 2024.
What is Scholastic's core mission?
Scholastic's core mission is to promote literacy and education for children, providing quality books and learning resources to support their growth.
In how many countries does Scholastic operate?
Scholastic operates in over 135 countries, making its resources accessible to children worldwide.
What types of products does Scholastic offer?
Scholastic offers a variety of products including children’s books, e-books, educational programs, and classroom magazines designed for pre-K to grade 12.
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