Graham Holdings (GHC) to Issue Quarterly Dividend of $1.72 on November 7th

Graham Holdings (NYSE:GHC) announced a quarterly dividend on Thursday, September 12th, Wall Street Journal reports. Stockholders of record on Thursday, October 17th will be paid a dividend of 1.72 per share on Thursday, November 7th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, October 17th.

Graham has raised its dividend payment by an average of 4.4% annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Graham has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings.

Graham Stock Performance

Shares of GHC opened at $772.45 on Friday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 12.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.34. Graham has a one year low of $563.39 and a one year high of $822.18. The business has a fifty day moving average of $755.47 and a 200 day moving average of $737.57.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $12.70 earnings per share (EPS) for the quarter. Graham had a net margin of 2.89% and a return on equity of 5.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.