Graham Holdings Company (NYSE:GHC) Announces $1.88 Quarterly Dividend

Graham Holdings Company (NYSE:GHC) declared a quarterly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be paid a dividend of 1.88 per share on Thursday, November 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 15th.

Graham has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Graham has a payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings.

Graham Price Performance

GHC stock opened at $1,136.61 on Friday. The stock’s 50 day moving average price is $1,168.42 and its 200 day moving average price is $1,127.91. The firm has a market cap of $4.81 billion, a P/E ratio of 9.16 and a beta of 0.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.59 and a current ratio of 1.86. Graham has a 1 year low of $929.76 and a 1 year high of $1,262.34.

Graham (NYSE:GHC) last released its quarterly earnings results on Thursday, July 30th. The company reported $19.46 earnings per share for the quarter, topping analysts’ consensus estimates of $14.83 by $4.63. Graham had a return on equity of 5.73% and a net margin of 10.69%.The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion.

Graham Company Profile

Graham Holdings Company is a diversified American holding company formerly known as The Washington Post Company. The company changed its name in 2013 after selling The Washington Post newspaper to Jeff Bezos. Today, Graham Holdings operates businesses in education, television broadcasting, health care and other industries.

Its largest operating business is Kaplan, which provides educational services, professional training, test preparation, higher education programs and related learning products.