Graham Holdings (GHC) to Issue Quarterly Dividend of $1.80 on May 8th

Graham Holdings (NYSE:GHC) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Thursday, April 17th will be paid a dividend of 1.80 per share on Thursday, May 8th. This represents a $7.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, April 17th.

Graham has increased its dividend by an average of 4.4% per year over the last three years. Graham has a payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings.

Graham Stock Performance

NYSE:GHC opened at $971.80 on Thursday. The stock has a 50-day simple moving average of $907.73 and a two-hundred day simple moving average of $860.93. Graham has a 52-week low of $683.00 and a 52-week high of $988.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The firm has a market capitalization of $4.21 billion, a PE ratio of 19.03 and a beta of 1.13.

Insider Buying and Selling at Graham

In other news, CAO Marcel A. Snyman sold 159 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $881.30, for a total value of $140,126.70. Following the transaction, the chief accounting officer now directly owns 442 shares in the company, valued at $389,534.60. The trade was a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Monday, November 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.