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

by · The Cerbat Gem

Graham Holdings Company (NYSE:GHC – Get Free Report) declared a quarterly dividend on Thursday, September 10th. Shareholders 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 yield of 0.7%. The ex-dividend date is Thursday, October 15th.

Graham has increased its dividend payment by an average of 0.0%per year 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% indicating that its dividend is sufficiently covered by earnings.

Graham Stock Up 1.7%

GHC stock opened at $1,136.61 on Friday. The company’s 50 day moving average is $1,168.42 and its 200 day moving average is $1,127.91. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 9.16 and a beta of 0.71. Graham has a 1-year low of $929.76 and a 1-year 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.

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

About Graham

(Get Free Report)

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.

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