Educational Development Co. (NASDAQ:EDUC) announced a quarterly dividend on Thursday, July 11th, Zacks reports. Investors of record on Tuesday, August 20th will be given a dividend of 0.05 per share on Tuesday, September 10th. This represents a $0.20 annualized dividend and a yield of 3.22%. The ex-dividend date is Monday, August 19th.
Educational Development has decreased its dividend by an average of 4.1% annually over the last three years and has raised its dividend every year for the last 3 years.
Educational Development stock opened at $6.22 on Friday. Educational Development has a 12-month low of $6.04 and a 12-month high of $14.35. The company has a market capitalization of $52.50 million, a price-to-earnings ratio of 8.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.93 and a quick ratio of 0.28. The firm’s fifty day moving average price is $6.75 and its 200 day moving average price is $7.74.
In related news, insider Keefe Daniel E. O bought 5,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of $6.90 per share, with a total value of $34,500.00. Following the transaction, the insider now owns 16,605 shares of the company’s stock, valued at $114,574.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 6,535 shares of company stock valued at $44,726 in the last three months. Insiders own 23.30% of the company’s stock.
Separately, TheStreet downgraded shares of Educational Development from a “b-” rating to a “c+” rating in a research report on Wednesday.
About Educational Development
Educational Development Corporation, a publishing company, operates as a trade co-publisher of the line of educational children's books in the United States. The company offers various books, including Touchy-Feely board books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels.
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