NEW YORK (

TheStreet

) -- The ex-dividend date for

Scholastic Corporation

(Nasdaq:

SCHL

) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $28.39 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Scholastic has been 159,800 shares per day over the past 30 days. Scholastic has a market cap of $866.9 million and is part of the

services

sector and

media

industry. Shares are down 4.1% year to date as of the close of trading on Tuesday.

Scholastic Corporation, together with its subsidiaries, operates as a children's publishing, education, and media company primarily in the United States. The company has a P/E ratio of 20.7, below the average media industry P/E ratio of 24.4 and above the S&P 500 P/E ratio of 17.7.

  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Scholastic as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Scholastic Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null