Barnes & Noble to spin off education unit in August

New York – Barnes & Noble Inc. will officially spin off its education unit on Aug. 2, 2015. Barnes & Noble shareholders will receive 0.632 shares of Barnes & Noble Education stock for each share of Barnes & Noble stock they hold as of July 27, 2015.



Barnes & Noble Education will function as a separate public company and trade under the symbol BNED on the New York Stock Exchange. Barnes & Noble will continue trading on the NYSE under the symbol BKS.



In addition, Barnes & Noble will start paying a 15 cent quarterly dividend on Aug. 17, 2015. The retailer’s last previous dividend was paid in 2010.