Graham Holdings (NYSE:GHC) Declares $1.58 Quarterly Dividend

Graham Holdings (NYSE:GHCGet Rating) announced a quarterly dividend on Thursday, May 5th, Zacks reports. Stockholders of record on Tuesday, July 19th will be given a dividend of 1.58 per share on Friday, August 5th. This represents a $6.32 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, July 18th.

Graham has increased its dividend payment by an average of 4.3% per year over the last three years and has raised its dividend every year for the last 7 years. Graham has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings.

GHC opened at $590.82 on Friday. The company has a market capitalization of $2.90 billion, a P/E ratio of 8.76 and a beta of 1.05. The stock has a fifty day moving average of $601.02 and a 200-day moving average of $597.28. Graham has a fifty-two week low of $547.75 and a fifty-two week high of $685.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.58.

Graham (NYSE:GHCGet Rating) last posted its quarterly earnings results on Friday, February 25th. The company reported $8.55 EPS for the quarter. The business had revenue of $862.93 million during the quarter. Graham had a return on equity of 6.31% and a net margin of 9.89%.

Separately, StockNews.com began coverage on Graham in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its position in Graham by 17.3% in the fourth quarter. Sei Investments Co. now owns 5,306 shares of the company’s stock valued at $3,421,000 after acquiring an additional 783 shares during the last quarter. Credit Suisse AG grew its position in Graham by 2.4% in the fourth quarter. Credit Suisse AG now owns 4,111 shares of the company’s stock valued at $2,589,000 after acquiring an additional 97 shares during the last quarter. Vident Investment Advisory LLC grew its position in Graham by 4.0% in the fourth quarter. Vident Investment Advisory LLC now owns 3,314 shares of the company’s stock valued at $2,087,000 after acquiring an additional 128 shares during the last quarter. Millennium Management LLC bought a new position in Graham in the third quarter valued at about $1,584,000. Finally, Deutsche Bank AG grew its position in Graham by 3.6% in the fourth quarter. Deutsche Bank AG now owns 2,498 shares of the company’s stock valued at $1,574,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

About Graham (Get Rating)

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global.

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Dividend History for Graham (NYSE:GHC)

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