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Educational Development Corporation (EDUC—Nasdaq) announced their quarterly cash dividend.
The board of directors has authorized a cash dividend of 10 cents per share. In addition, the board of directors has authorized a special one-time dividend of 5 cents to be paid concurrent with the regular dividend, due to the company’s strong cash position and no debt. The 15 cents per share total dividend will be paid on Dec. 18, 2009, to shareholders of record Dec. 11, 2009.
Educational Development Corporation sells children’s books, including Usborne Books and the Kane/Miller line of international children’s titles through a multilevel sales organization of independent consultants, through 5,000 retail stores and over the Internet. More than 1,600 different titles are available for children of all ages, with periodic new additions.
Direct Selling News has accumulated this information from public sources, including press releases and SEC filings. The information is presumed accurate and reliable. However, it is not an endorsement of any investment opportunity. Proper and considerable due diligence should be completed before making any investment.
