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Graham Holdings Company (GHC) will raise its quarterly dividend by 4.1 percent to $1.51 per share in 2021. This comes after last year's 4.3 percent hike to $1.43 per share in the first quarter of 2020. This marks the 6th consecutive year of annual dividend increases by the education and media company.

The next dividend is payable on February 18, 2021, to shareholders of record on February 4, 2021. A new annualized dividend rate of $6.04 per share yields 1.1% at a stock price of $556.

Graham Holdings Company is a diversified education and media company. Its operations include educational services (Kaplan), television broadcasting, news (online, print and local television), social-media advertising services, home health and hospice care and manufacturing.