quarterly stock dividend

Scholastic Corporation Announces Fourth Quarter Dividend

New York — March 25, 2009 — Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors today declared a quarterly cash dividend of $0.075 per share on the Company’s Class A and Common Stock for the fourth fiscal quarter of 2009. The dividend is payable on June 15, 2009 to shareholders of record as of the close of business on April 30, 2009.

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