Graham Holdings (NYSE:GHC) Declares Quarterly Dividend of $1.80

Graham Holdings (NYSE:GHC) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors of record on Monday, February 3rd will be paid a dividend of 1.80 per share on Thursday, February 20th. This represents a $7.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Monday, February 3rd. This is a positive change from Graham’s previous quarterly dividend of $1.72.

Graham has raised its dividend by an average of 4.4% annually over the last three years. Graham has a payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings.

Graham Stock Up 0.6 %

Shares of Graham stock opened at $906.25 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $908.54 and a two-hundred day moving average price of $824.07. The stock has a market capitalization of $3.92 billion, a P/E ratio of 17.75 and a beta of 1.14. Graham has a 12-month low of $683.00 and a 12-month high of $974.00.

Insider Activity

In related news, CAO Marcel A. Snyman sold 159 shares of Graham stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the sale, the chief accounting officer now directly owns 442 shares of the company’s stock, valued at $389,534.60. This trade represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

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.