Gorman-Rupp (GRC) Raises Quarterly Dividend 6.9% to $0.155; 1.9% Yield
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Gorman-Rupp Announces 6.9% Increase in Quarterly Cash Dividend
October 23, 2020 6:45 AM EDTMANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.155 per share on the common stock of the Company, payable December 10, 2020, to shareholders of record November 13, 2020. The cash dividend will represent a 6.9% increase over the $0.145 dividend paid in the previous quarter.
This action will mark the 283rd consecutive quarterly dividend paid by The Gorman-Rupp Company and the 48th consecutive year of increased dividends to its shareholders, which positions Gorman-Rupp in the top 50 of all U.S. public companies with respect to... More
