Graham Holdings (NYSE:GHC) Raises Dividend to $1.80 Per Share

Graham Holdings (NYSE:GHC) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Monday, February 3rd will be given a dividend of 1.80 per share on Thursday, February 20th. This represents a $7.20 annualized dividend and a yield of 0.80%. This is a boost from Graham’s previous quarterly dividend of $1.72.

Graham has increased its dividend payment by an average of 4.4% per year over the last three years. Graham has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings.

Graham Price Performance

Shares of GHC stock traded down $8.30 on Thursday, reaching $897.72. 14,698 shares of the company were exchanged, compared to its average volume of 16,080. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 17.58 and a beta of 1.14. Graham has a 1 year low of $683.00 and a 1 year high of $974.00. The business has a 50-day moving average price of $909.98 and a 200 day moving average price of $822.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57.

Analyst Ratings Changes

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

Insider Activity

In related news, CAO Marcel A. Snyman sold 159 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $881.30, for a total transaction of $140,126.70. Following the completion of the sale, the chief accounting officer now owns 442 shares of the company’s stock, valued at approximately $389,534.60. This represents a 26.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 32.30% of the company’s stock.

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.