Scholastic Corporation (SCHL) Soars 20.53% on Earnings, Dividend

Scholastic Corporation (SCHL) surged 20.53% in pre-market trading on April 9, 2025, marking a significant rise in its stock price.

Scholastic Corporation recently announced a dividend of $0.20 per share, reflecting the company's commitment to returning value to its shareholders. This move is likely to have a positive impact on investor sentiment and could contribute to the recent stock price increase.

The company reported its quarterly earnings data on March 20th, with earnings per share (EPS) coming in at ($0.05). Despite the negative EPS, the company's performance may have exceeded market expectations, leading to the stock's upward movement.

Scholastic Corporation is the world's largest publisher and distributor of children's books, and a leading provider of core literacy curriculum. The company's strong market position and focus on educational content could be driving investor interest and contributing to the stock's recent gains.

Prudential Financial Inc. recently reduced its stake in Scholastic by 2.0% during the fourth quarter. This move by a major institutional investor could be seen as a sign of confidence in the company's future prospects, as it suggests that the investor is maintaining a significant position in the stock despite the reduction.