Gorman-Rupp (GRC) Raises Quarterly Dividend 2.9% to $0.175; 2.6% Yield

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Go back to Gorman-Rupp (GRC) Raises Quarterly Dividend 2.9% to $0.175; 2.6% Yield

Gorman-Rupp Reaches 50th Consecutive Year of Increased Dividends With 2.9% Increase in Quarterly Cash Dividend

October 28, 2022 6:45 AM EDT

MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.175 per share on the common shares of the Company, payable December 9, 2022, to shareholders of record November 15, 2022. The cash dividend will represent a 2.9% increase over the $0.17 dividend per share paid in the previous quarter.

This action will mark the 291st consecutive quarterly dividend paid by The Gorman-Rupp Company and the 50th consecutive year of increased dividends to its shareholders, which positions Gorman-Rupp in the top 50 of all U.S. public... More