shares of scholastic corp rose 04 in afternoon trading wednesday after the childrens books publisher and distributor said it was raising its quarterly dividend by 33 the new dividend of 20 cents a share up from 15 cents a share will be payable sept 15 to shareholders of record on aug 31 based on current stock prices the new annual dividend rate implies a dividend yield of 225 which compares with the implied yield for the sp 500 of 165 shares of scholastic which currently has a market capitalization of 123 billion have declined 110 year to date to outperform the sp 500s 174 drop over the