Educational Development Corporation (NASDAQ:EDUC) expected to pay $0.09 on Sep 23, 2016


Educational Development Corporation (NASDAQ:EDUC) is expected to pay $0.09 on Sep 23, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Sep 14, 2016 will be eligible to receive the payout. Based on Educational Development Corporation’s current price of $12.45, the dividend is 0.72%. This dividend’s record date is Sep 16, 2016 and the announcement date is Sep 1, 2016. About 2,250 shares traded hands. Educational Development Corporation (NASDAQ:EDUC) has risen 18.33% since February 8, 2016 and is uptrending. It has outperformed by 1.84% the S&P500.

Educational Development Corporation is a publisher of the line of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (Usborne). The company has a market cap of $49.86 million. The Firm also owns Kane Miller Book Publishers. It has a 20.93 P/E ratio. The Firm sells books through two divisions: Home Business Division (Usborne Books & More or UBAM) and Publishing Division (EDC Publishing).

The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 1.84, from 2.67 in 2016Q1. The ratio dropped, as 7 funds sold all Educational Development Corporation shares owned while 5 reduced positions. 4 funds bought stakes while 6 increased positions. They now own 515,028 shares or 6.50% less from 550,823 shares in 2016Q1.

Eam Investors Llc holds 0.14% of its portfolio in Educational Development Corporation for 81,829 shares. First Wilshire Securities Management Inc owns 38,292 shares or 0.14% of their US portfolio. Moreover, Thompson Davis & Co. Inc. has 0.05% invested in the company for 2,500 shares. The Texas-based Eagle Global Advisors Llc has invested 0.01% in the stock. Spark Investment Management Llc, a New York-based fund reported 12,300 shares.

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