Gorman-Rupp Company (The) Declares Quarterly Dividend of $0.19 (NYSE:GRC)

Gorman-Rupp Company (The) (NYSE:GRC) announced a quarterly dividend on Friday, January 23rd. Stockholders of record on Friday, February 13th will be given a dividend of 0.19 per share by the industrial products company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, February 13th.

Gorman-Rupp has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 52 years. Gorman-Rupp has a dividend payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gorman-Rupp to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 33.8%.

Gorman-Rupp Trading Down 2.9%

NYSE GRC opened at $52.24 on Friday. Gorman-Rupp has a 12 month low of $30.87 and a 12 month high of $54.26. The company has a current ratio of 2.08, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $48.66 and a 200-day moving average of $45.08. The company has a market cap of $1.37 billion, a PE ratio of 27.35, a PEG ratio of 1.84 and a beta of 1.31.

Gorman-Rupp (NYSE:GRC) last announced its quarterly earnings results on Friday, October 24th. The industrial products company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $172.83 million during the quarter, compared to analyst estimates of $174.61 million. Gorman-Rupp had a net margin of 7.41% and a return on equity of 13.49%. On average, equities research analysts anticipate that Gorman-Rupp will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Company Profile

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.