Scholastic Corporation Boosts Quarterly Dividend by 25% to $0.25 per Share

Dividend Increase Details

Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors has approved a 25% increase in the regular quarterly dividend, raising it to $0.25 per share from $0.20 per share on the company's Class A and Common Stock. The new dividend rate takes effect with the first quarter of fiscal 2027. The dividend is scheduled for payment on September 15, 2026, to shareholders of record as of the close of business on August 31, 2026. The indicated annual dividend rate will now be $1.00 per share.

Company Background

Scholastic Corporation, a global children's publishing, education, and media company, has been operating for over 100 years. The company focuses on creating quality content and experiences centered on literacy, reaching children at school, at home, and in their communities. Scholastic delivers stories, characters, and learning moments through bestselling children's books, literacy- and knowledge-building resources for schools including classroom magazines, and award-winning children's media. As the world's largest publisher and distributor of children's books, Scholastic 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.

What it means for income investors

This 25% dividend increase reflects Scholastic's commitment to returning capital to shareholders. The new annualized dividend of $1.00 per share provides a higher income stream for shareholders, consistent with the company's long-term financial strategy.

Reporting based on: PR Newswire. Figures verified against market data where available.