EDUC - Dividend announcements

Tulsa, Oklahoma--(Newsfile Corp. - August 11, 2022) - Educational Development Corporation (NASDAQ:EDUC) ("EDC") (http://www.edcpub.com) today announced that the Company has executed a new Credit Agreement ("Loan Agreement") with BOKF, NA dba Bank of Oklahoma. The new Loan Agreement establishes (1) a fixed rate mortgage term loan in the principal amount of $15,000,000 (the "Fixed Rate Term Loan"), (2) a floating rate mortgage term loan in the principal amount of $21,000,000 (the "Floating Rate Term Loan"), and (3) a revolving promissory note in the principal amount up to $15,000,000 (the "Revolving Loan").Along with the new Loan Agreement, the Company paid off its loans with its former lender

Tulsa, Oklahoma--(Newsfile Corp. - November 24, 2021) - Educational Development Corporation (NASDAQ:EDUC) ("EDC") (http://www.edcpub.com) today announced the execution of the Fourth Amendment to Amended and Restated Loan Agreement.Craig White, CEO of Educational Development Corporation, announced that the Company has executed the Fourth Amendment to the Amended and Restated Loan Agreement with its primary lender. The Amendment modifies the Loan Agreement, establishing Term Loan #2 in the principal amount of $10,000,000, amends the definition of LIBO Rate and LIBOR Margin and adds Benchmark Replacement Provisions. Per Mr. White, "During fiscal 2021, we paid off approximately $9.3 million of l

TULSA, Okla., July 07, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation ("EDC", or the "Company") (NASDAQ:EDUC) (http://www.edcpub.com) today reports record first quarter net revenues and increased earnings per share results for the quarter ended May 31, 2021. First Quarter Highlights Compared to the Prior Year First Quarter Net revenues of $40.8 million, an increase of $2.5 million, or 6.5%, compared to $38.3 million.Average active UBAM sales consultants totaled 55,100.Earnings before income taxes were $4.7 million, an increase of $2.1 million, or 80.8%, compared to $2.6 million.Net earnings totaled $3.4 million, compared to $1.9 million, an increase of $1.5 million,

TULSA, Okla., May 12, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation ("EDC", or the "Company") (NASDAQ:EDUC) (http://www.edcpub.com) today reports record net revenues and earnings per share results for the fiscal fourth quarter and fiscal year ended February 28, 2021. Fiscal Year End Highlights Compared to the Prior Year Net revenues of $204.6 million, an increase of 81.1%, compared to $113.0 million.Net earnings of $12.6 million, an increase of 125.0% compared to $5.6 million.Earnings per share was $1.50, compared to $0.68, an increase of 120.6%. Fourth Quarter Highlights Compared to the Year Ago Quarter Net revenues of $40.3 million, an increase of $20.2 million, or 100

TULSA, Okla., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) today reports record net revenues and earnings per share results for the third quarter and year to date ended November 30, 2020. Randall White, CEO of Educational Development Corporation, announced that for the third quarter ended November 30, 2020, the Company reports net revenues of $66,750,300, an increase of $25,925,700, or 63.5%, when compared to $40,824,600 for the third quarter ended November 30, 2019. Net earnings totaled $4,269,600 for the quarter ended November 30, 2020, compared to $2,735,800 for the quarter ended November 30, 2019