Graham Holdings Company (NYSE:GHC) Declares 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%. The ex-dividend date is Thursday, October 16th.

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

Graham Stock Down 1.8%

GHC stock traded down $20.65 during midday trading on Tuesday, hitting $1,139.27. The company's stock had a trading volume of 54,841 shares, compared to its average volume of 32,589. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. Graham has a 52-week low of $770.06 and a 52-week high of $1,200.00. The firm has a market capitalization of $4.97 billion, a P/E ratio of 7.31 and a beta of 0.89. The firm has a 50-day simple moving average of $1,018.04 and a 200-day simple moving average of $968.40.

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