Graham Holdings Co (NYSE:GHC) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Thursday, February 8th will be paid a dividend of 1.33 per share on Thursday, February 22nd. This represents a $5.32 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, February 7th. This is a boost from Graham’s previous quarterly dividend of $1.27.
Graham has decreased its dividend by an average of 20.7% per year over the last three years.
Shares of Graham (NYSE GHC) traded up $0.95 during trading on Friday, reaching $581.80. The company’s stock had a trading volume of 8,948 shares, compared to its average volume of 12,065. The company has a quick ratio of 1.91, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The company has a market cap of $3,220.00, a P/E ratio of 26.28 and a beta of 0.75. Graham has a 52-week low of $502.25 and a 52-week high of $615.85.
Graham declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 9th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
In other news, Director Katharine Weymouth sold 1,500 shares of Graham stock in a transaction on Friday, December 15th. The stock was sold at an average price of $565.54, for a total transaction of $848,310.00. Following the transaction, the director now directly owns 14 shares in the company, valued at approximately $7,917.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 22.50% of the stock is currently owned by company insiders.
Graham Holdings Company, formerly The Washington Post Company, is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems, and online, print and local TV news. The Company owns Kaplan, a provider of educational services to individuals, schools and businesses, serving over one million students annually with operations in more than 30 countries.
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