William H. Sadlier, Inc. Announces Dividend Suspension

When the extent of the impact of COVID-19 on Sadliers financial condition and results of operations is more clear, the Board of Directors will reconsider the payment of a dividend.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, April 7, 2020
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Tags: 
Publishing, Preschool, Communications, Primary, Secondary, Education, Articles, Sadlier, Ipswich, Queensland, Technology, Dividend, Educational technology
Geotags: 
NEW YORK, United States
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Summary
Key Points: 
  • When the extent of the impact of COVID-19 on Sadliers financial condition and results of operations is more clear, the Board of Directors will reconsider the payment of a dividend.
  • William H. Sadlier, Inc. is a recognized and respected publisher of print and digital educational materials for Pre K12.
  • Since 1832, Sadliers pursuit of excellence has been driven by a commitment to meet the needs of the educational community.
  • Sadlier programs offer strong instructional support to help students reach their full potential in school and throughout life.


William H. Sadlier, Inc. (“Sadlier”) (OTCPNK:SADL), a leading publisher of educational materials, announced that, in light of the outbreak and spread of the coronavirus known as COVID-19, its Board of Directors, at a meeting of the Board held on April 2, 2020, decided to suspend payment of an annual dividend for the time being. When the extent of the impact of COVID-19 on Sadlier’s financial condition and results of operations is more clear, the Board of Directors will reconsider the payment of a dividend.

About Sadlier

William H. Sadlier, Inc. is a recognized and respected publisher of print and digital educational materials for Pre K–12. Since 1832, Sadlier’s pursuit of excellence has been driven by a commitment to meet the needs of the educational community. Sadlier programs offer strong instructional support to help students reach their full potential — in school and throughout life.

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