Gorman-Rupp (NYSE:GRC) Has Announced A Dividend Of $0.18 [Yahoo! Finance]
Gorman-Rupp Company (The) (GRC)
NASDAQ:AMEX Investor Relations:
gormanrupp.com/investor
Company Research
Source: Yahoo! Finance
The dividend yield will be 2.2% based on this payment which is still above the industry average. See our latest analysis for Gorman-Rupp Gorman-Rupp's Payment Has Solid Earnings Coverage We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Prior to this announcement, Gorman-Rupp's dividend was comfortably covered by both cash flow and earnings. This means that a large portion of its earnings are being retained to grow the business. Looking forward, earnings per share is forecast to rise by 17.7% over the next year. If the dividend continues on this path, the payout ratio could be 47% by next year, which we think can be pretty sustainable going forward. Gorman-Rupp Has A Solid Track Record Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2014, the dividend has gone from $0.32 total annually to $0.72. This implies that the company grew its distributions at a yearly rate of
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News
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- Gorman-Rupp Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Gorman-Rupp Reports First Quarter 2024 Financial ResultsBusiness Wire
- Gorman-Rupp (GRC) is a Top Dividend Stock Right Now: Should You Buy? [Yahoo! Finance]Yahoo! Finance