Graham Holdings Stock Price, News & Analysis

Graham Holdings Company (NYSE: GHC) announced the retirement of Barry Holden, CEO of Hoover Treated Wood Products, effective later this year after 50 years in the role. David Gillrie, previously with Oldcastle APG, will take over as CEO. Timothy J. O’Shaughnessy praised Holden's leadership and contributions, emphasizing the pride in Hoover's legacy. Gillrie is recognized for his extensive experience in the building materials sector and his capability to uphold Hoover's strong leadership.

Kaplan has launched its 2022 $30K Tuition Sweepstakes, aimed at helping college students finance their graduate education. Open until November 17, the contest is available to all enrolled college students in the United States. A random winner will be selected on November 23. This initiative highlights Kaplan's ongoing commitment to support students in achieving their educational goals. The sweepstakes prize can significantly cover tuition for various graduate programs. Kaplan, a subsidiary of Graham Holdings Company (GHC), has awarded tens of thousands of dollars in previous contests.

Graham Holdings Company (NYSE: GHC) has announced a quarterly dividend of $1.58 per share. The dividend will be paid on November 4, 2022, to shareholders on record as of October 18, 2022. This declaration reflects the company's commitment to returning value to its shareholders and illustrates a stable financial position.

Kaplan has entered into a strategic educational agreement with LPL Financial, enhancing its long-standing partnership. As part of LPL’s Vendor Affinity Program, Kaplan will offer a wide range of financial education programs with discounts for LPL employees and advisors. Programs include professional designations in financial planning and exam prep for various certifications. This collaboration aims to support LPL's goals of employee retention and development, ultimately benefiting its affiliates and clients. Both companies emphasize the importance of accessible, high-quality financial education.

Librarium, in partnership with Meta Reality Labs and Kaplan, has launched an innovative VR app for test preparation on Meta Quest 2, priced at $19.99. This app aims to enhance memory retention and performance in students through gamified learning experiences using advanced VR technology. Initial offerings include over 100 curated flashcard decks and a specialized MCAT bundle developed with Kaplan. The collaboration seeks to revolutionize the $11 billion test prep market, providing engaging, immersive educational tools.

Residential Hospice, a division of Graham Healthcare Group, has acquired Comfort Hospice in St. Louis, Missouri, and Grace Hospice in Maumee, Ohio from U.S. Medical Management. This strategic acquisition marks Residential Hospice's entry into the Missouri and Ohio markets, expanding its footprint in the Midwest. The company plans to retain current employees to ensure continuity of care and will enhance patient and staff support with improved benefits and operational efficiencies. This move aims to make hospice care more accessible and align with Residential Hospice's commitment to quality patient care.