Gorman-Rupp Boosts Quarterly Cash Dividend by 2.9% to $0.18/Share
Portfolio Pulse from Benzinga Newsdesk
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.18 per share, payable on December 8, 2023. This represents a 2.9% increase over the previous quarter's dividend of $0.175 per share.
October 27, 2023 | 10:42 am
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Gorman-Rupp has increased its quarterly cash dividend by 2.9% to $0.18 per share. This could make the stock more attractive to income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating that a company is confident in its future earnings. This could potentially attract more investors, pushing the stock price up in the short term.
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