Graham Holdings (NYSE:GHC) Announces $1.80 Quarterly Dividend

Graham Holdings (NYSE:GHC) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors 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 annualized dividend and a dividend yield of 0.76%.

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% meaning its dividend is sufficiently covered by earnings.

Graham Stock Up 3.4 %

Shares of GHC stock traded up $30.54 during mid-day trading on Tuesday, reaching $941.99. 31,114 shares of the company’s stock traded hands, compared to its average volume of 16,206. 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 company’s 50-day moving average price is $906.79 and its 200-day moving average price is $859.42. The company has a market cap of $4.08 billion, a P/E ratio of 18.45 and a beta of 1.13. Graham has a 12 month low of $683.00 and a 12 month high of $988.26.

Insider Activity at Graham

In other news, CAO Marcel A. Snyman sold 159 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $881.30, for a total value of $140,126.70. Following the completion of the sale, the chief accounting officer now directly owns 442 shares in the company, valued at $389,534.60. This represents a 26.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 20.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research 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.