Graham Holdings (GHC) to Issue Quarterly Dividend of $1.80 on February 20th

Graham Holdings (NYSE:GHC) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, February 3rd will be given a dividend of 1.80 per share on Thursday, February 20th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from Graham’s previous quarterly dividend of $1.72.

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% indicating that its dividend is sufficiently covered by earnings.

Graham Stock Performance

Shares of GHC stock opened at $928.48 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. Graham has a 52 week low of $683.00 and a 52 week high of $974.00. The company’s 50 day moving average price is $905.29 and its two-hundred day moving average price is $838.30. The company has a market capitalization of $4.02 billion, a P/E ratio of 18.18 and a beta of 1.14.

Graham (NYSE:GHC) last released its earnings results on Wednesday, October 30th. The company reported $17.25 earnings per share (EPS) for the quarter. The firm had revenue of $1.21 billion during the quarter. Graham had a return on equity of 5.79% and a net margin of 4.86%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CAO Marcel A. Snyman sold 159 shares of the company’s 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 owns 442 shares in the company, valued at approximately $389,534.60. This represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.50% of the stock is currently owned by corporate insiders.

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.