Graham Holdings Company (GHC) to Issue Quarterly Dividend of $1.80 on November 6th

Graham Holdings Company (NYSE:GHC) announced a quarterly dividend on Thursday, September 11th, RTT News reports. Stockholders of record on Thursday, October 16th will be given a dividend of 1.80 per share on Thursday, November 6th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, October 16th.

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

Graham Stock Down 0.1%

GHC opened at $952.71 on Tuesday. Graham has a 1-year low of $770.06 and a 1-year high of $1,200.00. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 6.12 and a beta of 0.88. The business has a 50 day moving average of $1,097.76 and a 200-day moving average of $992.60.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, beating the consensus estimate of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Graham in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

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.