NEW YORK (

TheStreet

) -- The ex-dividend date for

Scholastic Corporation

(Nasdaq:

SCHL

) is tomorrow, January 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $29.31 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Scholastic has been 180,400 shares per day over the past 30 days. Scholastic has a market cap of $839.3 million and is part of the

services

sector and

media

industry. Shares are down 2.9% year to date as of the close of trading on Wednesday.

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 14.9, below the average media industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Scholastic as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. 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

.

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