×
0 0 0 -0.0101522842639594 -0.0101522842639594 -0.0101522842639594 -0.00507614213197959 -0.00507614213197959
Stockreport

Educational Development Corporation Announces Seventh Amendment to Loan Agreement Which Allows Company to Pay Dividends

EDUCATIONAL DEVELOPMENT (EDUC)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: edcpub.com/investors.aspx
PDF TULSA, Okla., Feb. 22, 2018 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”) (NASDAQ:EDUC) (http://www.edcpub.com) today announced the execution of the Seventh Amendment to Loan Agreement.  Randall White, CEO of Educational Development Corporation, announced that the Company has executed the Seventh Amendment to the Loan Agreement with its primary lender.  The Amendment modifies the existing loan agreement to allow the Company to reinstate its past practice of paying dividends, subject to certain limiting restrictions.  Per Mr. White, “During the past twenty-four months we have executed several amendments to our Loan Agreement with our bank to provide the needed working capital borrowings to fund our rapid growth.  Certain restrictions were made with each increased borrowing amount; such as the agreement to discontinue paying dividends, which was made with the Fourth Amendment a year ago.   Since that time, we have made several operational and working capital impro [Read more]

IMPACT SNAPSHOT EVENT TIME: EDUC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
EDUC alerts

from News Quantified
Opt-in for
EDUC alerts

from News Quantified