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NEW YORK - Scholastic Corporation (NASDAQ:SCHL) declared a quarterly cash dividend of $0.20 per share on its Class A and Common Stock for the first quarter of fiscal 2026, according to a press release statement issued Wednesday. The company, which InvestingPro data shows has maintained dividend payments for 18 consecutive years, currently offers a dividend yield of 3.78%.
The dividend will be paid on September 15, 2025, to shareholders of record as of the close of business on August 29, 2025.
Scholastic, known as a publisher and distributor of children’s books, operates through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online channels. The company has a global presence in more than 135 countries.
The company has been in operation for over 100 years, focusing on literacy and knowledge-building resources for schools, including classroom magazines and children’s media. For detailed insights into Scholastic’s valuation and financial health metrics, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Scholastic Corporation has reaffirmed its fiscal 2025 Adjusted EBITDA outlook, projecting it to be between $140 million and $150 million, as initially guided. This comes after successful cost management and strong fourth-quarter performance. The company is actively pursuing strategic initiatives, including a potential sale-leaseback transaction for its New York City real estate and distribution centers in Missouri. Additionally, Scholastic has reorganized its Children’s Book and Education Solutions businesses, appointing new leaders to enhance strategies and financial outcomes for fiscal 2026 and beyond. Scholastic has also announced a major reorganization by merging its Trade Publishing, Book Fairs, and Book Clubs divisions into a single Children’s Book Group, effective June 1, 2025. Sasha Quinton will lead this new group, bringing her expertise from the School Reading Events division. In another leadership change, Chris Lick has been appointed as Executive Vice President, General Counsel, and Corporate Secretary, succeeding Andrew Hedden. These developments reflect Scholastic’s ongoing efforts to strengthen its business operations and leadership team.
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