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

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

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

Graham Trading Up 1.7%

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

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

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.