Graham Holdings Company (NYSE:GHC) Announces Quarterly Dividend of $1.80

Key Points

• Graham Holdings Company announced a quarterly dividend of $1.80 per share, payable on November 6th to shareholders of record by October 16th.
• The company has a low dividend payout ratio of 11.1%, indicating strong earnings coverage for its dividends.
• In its last quarterly earnings report, Graham reported $14.33 EPS, significantly exceeding analyst estimates of $10.15.

Graham Holdings Company (NYSE:GHC - Get Free Report) declared a quarterly dividend on Thursday, September 11th, RTT News reports. Shareholders of record on Thursday, October 16th will be paid a dividend of 1.80 per share on Thursday, November 6th. This represents a c) annualized dividend and a yield of 0.6%.

Graham has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings.

Graham Stock Performance

NYSE GHC traded up $39.21 on Thursday, hitting $1,178.06. 31,107 shares of the stock traded hands, compared to its average volume of 31,273. The business's fifty day moving average is $1,000.05 and its two-hundred day moving average is $962.63. Graham has a 12 month low of $738.65 and a 12 month high of $1,182.79. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 7.56 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.27.

Graham (NYSE:GHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 EPS for the quarter, topping analysts' consensus estimates of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%.The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion.

About Graham

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.

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