Graham Holdings (NYSE:GHC) Plans Quarterly Dividend of $1.72

Graham Holdings (NYSE:GHC) announced a quarterly dividend on Thursday, September 12th, Wall Street Journal reports. Stockholders of record on Thursday, October 17th will be paid a dividend of 1.72 per share on Thursday, November 7th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, October 17th.

Graham has increased its dividend payment by an average of 4.4% per year over the last three years. Graham has a payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings.

Graham Price Performance

NYSE GHC opened at $822.16 on Wednesday. Graham has a 12 month low of $563.39 and a 12 month high of $826.52. The firm has a market capitalization of $3.65 billion, a PE ratio of 13.63 and a beta of 1.11. The company’s 50 day simple moving average is $775.62 and its 200 day simple moving average is $749.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.34.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $12.70 EPS for the quarter. The company had revenue of $1.19 billion for the quarter. Graham had a return on equity of 5.22% and a net margin of 2.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a report on Friday, October 4th.

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.