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| 8-K - FORM 8-K FILING DOCUMENT - EDUCATIONAL DEVELOPMENT CORP | document.htm |
EXHIBIT 99.1
Educational Development Corporation Announces Quarterly Dividend
TULSA, Okla., Aug. 31, 2012 (GLOBE NEWSWIRE) -- Educational Development Corporation (Nasdaq:EDUC) (http://www.edcpub.com) today announced their quarterly cash dividend.
The Board of Directors has authorized a $0.12 per share cash dividend. The dividend will be paid on September 21, 2012 to shareholders of record September 14, 2012.
Betsy Richert has been appointed to the Board of Directors, effective August 31, 2012. Ms. Richert brings an extensive educational background, including teaching, and school and library credentials, to the EDUC Board.
About Educational Development Corporation
Educational Development Corporation sells children's books, including Usborne Books and the Kane/Miller line of international children's titles through a multi-level 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.
The Educational Development logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5083
CONTACT: Educational Development Corporation
Randall White, (918) 622-4522