LONDON, UK / ACCESSWIRE / April 25, 2018 / Active-Investors has a free review on Scholastic Corp. (NASDAQ: SCHL) following the Company's announcement that it will begin trading ex-dividend on April 27, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 26, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SCHL:

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Dividend Declared

On March 21, 2018, Scholastic announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share on the Company's Class A and Common Stock for the fourth quarter of fiscal 2018. The dividend is payable on June 15, 2018, to all shareholders of record as of the close of business on April 30, 2018.

Scholastic's indicated dividend represents a yield of 1.44% compared to the average dividend yield of 2.07% for the Services sector.

Dividend Insight

Scholastic has a dividend payout ratio of 41.4%, which indicates that the Company spends approximately $0.41 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Scholastic is forecasted to report earnings of $1.76 per share for the next year, which is almost three times the Company's annualized dividend of $0.60 per share.

Scholastic's net cash provided by operating activities was $36.5 million in third quarter fiscal 2018 ended on February 28, 2018, compared to $39.2 million in Q3 FY17. At quarter-end, Scholastic's cash and cash equivalents exceeded the Company's total debt by $354.9 million. Over the course of Q3 FY18, Scholastic distributed $5.2 million in dividends and reacquired $11.9 million of its common stock in open market transactions. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Scholastic

On April 10, 2018, Scholastic unveiled new covers for J.K. Rowling's Harry Potter series as part of its year-long campaign to celebrate the 20th anniversary of the US publication of Harry Potter and the Sorcerer's Stone. Illustrated by worldwide bestselling author and Caldecott Medal-winning artist Brian Selznick, the new paperback editions will be published in the US on June 26, 2018.

Scholastic published Harry Potter and the Sorcerer's Stone in the US in September 1998 with an initial print run of 50,000 copies. Till the date of the press release, the Harry Potter series has sold more than 180 million copies in the US alone, and over 500 million copies worldwide.

About Scholastic Corp.

Scholastic is the world's largest publisher and distributor of children's books, a leading provider of core literacy curriculum and professional services, and a producer of educational and entertaining children's media. With operations in 14 international offices and exports to 165 countries, Scholastic makes quality, affordable books available to all children around the world through school-based book clubs and book fairs, classroom collections, school and public libraries, retail and online.

Stock Performance Snapshot

April 24, 2018 - At Tuesday's closing bell, Scholastic's stock slightly climbed 0.19%, ending the trading session at $41.62.

Volume traded for the day: 91.57 thousand shares.

Stock performance in the last month ? up 13.78%; previous three-month period ? up 6.07%; past six-month period ? up 11.31%; and year-to-date ? up 3.76%

After yesterday's close, Scholastic's market cap was at $1.45 billion.

The stock has a dividend yield of 1.44%.

The stock is part of the Services sector, categorized under the Publishing - Books industry.

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