Gorman-Rupp Company (The) (GRC) To Go Ex-Dividend on May 15th

Gorman-Rupp Company (The) (NYSE:GRC) declared a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 15th will be given a dividend of 0.19 per share by the industrial products company on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th.

Gorman-Rupp has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 52 years. Gorman-Rupp has a payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Gorman-Rupp to earn $2.91 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 26.1%.

Gorman-Rupp Stock Down 2.5%

NYSE GRC opened at $75.92 on Wednesday. The stock’s 50-day moving average price is $66.77 and its 200-day moving average price is $56.99. The company has a quick ratio of 1.76, a current ratio of 2.93 and a debt-to-equity ratio of 0.69. Gorman-Rupp has a 52 week low of $34.96 and a 52 week high of $79.54. The company has a market capitalization of $2.00 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 2.30 and a beta of 1.34.

Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.49 by $0.19. Gorman-Rupp had a return on equity of 15.08% and a net margin of 8.45%.The firm had revenue of $176.59 million for the quarter, compared to the consensus estimate of $170.61 million. On average, equities research analysts predict that Gorman-Rupp will post 2.6 earnings per share for the current 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.