Scholastic Reports Fiscal 2014 First Quarter Results
As previously announced, the Company’s Board of Directors approved a 20% increase in its regular quarterly cash dividend, to $0.15 per share from $0.125 per share, on the Company’s Class A and Common Stock for the second quarter of fiscal 2014. The dividend is payable on December 16, 2013 to shareholders of record as of the close of business on October 31, 2013.
Scholastic Corporation (NASDAQ: SCHL) is the world’s largest publisher and distributor of children’s books and a leader in educational technology and related services and children’s media. Scholastic creates quality books, print and technology-based learning materials and programs, magazines, multi-media and other products that help children learn both at school and at home. The Company distributes its products and services worldwide through a variety of channels, including school-based book clubs and book fairs, retail stores, schools, libraries, on-air, and online at www.scholastic.com.