Graham Holdings (NYSE:GHC) Declares $1.72 Quarterly Dividend

Graham Holdings (NYSE:GHC) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Thursday, July 18th will be given a dividend of 1.72 per share on Thursday, August 8th. This represents a $6.88 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, July 18th.

Graham has increased 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 15.7% indicating that its dividend is sufficiently covered by earnings.

Graham Stock Down 0.7 %

Shares of GHC stock traded down $5.63 during trading hours on Thursday, hitting $757.47. 14,763 shares of the company were exchanged, compared to its average volume of 14,355. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.57. The business’s 50-day simple moving average is $729.27 and its two-hundred day simple moving average is $689.63. Graham has a one year low of $551.36 and a one year high of $771.05. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 12.72 and a beta of 1.11.

Graham (NYSE:GHC) last issued its earnings results on Wednesday, May 1st. The company reported $11.24 earnings per share for the quarter. The company had revenue of $1.15 billion for the quarter. Graham had a net margin of 6.12% and a return on equity of 5.39%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research note on Wednesday.

Insider Transactions at Graham

In related news, Director Katharine Weymouth sold 556 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $712.99, for a total transaction of $396,422.44. Following the sale, the director now owns 1,993 shares of the company’s stock, valued at $1,420,989.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 32.30% of the company’s stock.

Graham Company Profile

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.