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

Graham Holdings (NYSE:GHC) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Thursday, April 17th will be given a dividend of 1.80 per share on Thursday, May 8th. This represents a $7.20 dividend on an annualized basis and a yield of 0.74%.

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

Graham Trading Up 3.9 %

Shares of NYSE:GHC traded up $36.66 during midday trading on Wednesday, reaching $976.62. 3,554 shares of the company’s stock were exchanged, compared to its average volume of 15,839. The firm’s 50 day simple moving average is $907.73 and its two-hundred day simple moving average is $860.93. Graham has a fifty-two week low of $683.00 and a fifty-two week high of $988.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 19.12 and a beta of 1.13.

Graham (NYSE:GHC) last announced its earnings results on Wednesday, February 26th. The company reported $22.58 EPS for the quarter, beating analysts’ consensus estimates of $18.94 by $3.64. Graham had a return on equity of 5.79% and a net margin of 4.86%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CAO Marcel A. Snyman sold 159 shares of Graham stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $881.30, for a total value of $140,126.70. Following the completion of the transaction, the chief accounting officer now 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 through this hyperlink. Insiders own 20.50% 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.