Scholastic Stock To Go Ex-dividend Tomorrow (SCHL)

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.
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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.

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