Scholastic Stock To Go Ex-dividend Tomorrow (SCHL)

NEW YORK ( TheStreet) -- The ex-dividend date for Scholastic Corporation (Nasdaq: SCHL) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $31.84 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Scholastic has been 299,300 shares per day over the past 30 days. Scholastic has a market cap of $981.8 million and is part of the services sector and media industry. Shares are up 11.7% 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 14.8, below the average media industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Scholastic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Scholastic Ratings Report.

See our dividend calendar or top-yielding stocks list.

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