Educational Development will pay a special dividend of $0.400 on May 19th to holders as of Wednesday, May 7. That’s 6.2% of the share price of $6.450. 30 cents out of 40 corresponds to a regular quarterly dividend (up from 22 cents last quarter), with the remaining 10 cents being the special dividend. The dividend will be paid entirely out of cash reserve, and the company has no outstanding debt… always a very good sign.

EDUC quote

This entry was posted on Tuesday, April 29th, 2008 at 9:28 pm and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.