Gorman-Rupp (NYSE:GRC) Will Pay A Dividend Of $0.18 [Yahoo! Finance]
Gorman-Rupp Company (The) (GRC)
NASDAQ:AMEX Investor Relations:
gormanrupp.com/investor
Company Research
Source: Yahoo! Finance
This makes the dividend yield 2.1%, which will augment investor returns quite nicely. View our latest analysis for Gorman-Rupp Gorman-Rupp's Payment Has Solid Earnings Coverage Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Based on the last payment, Gorman-Rupp was quite comfortably earning enough to cover the dividend. This indicates that a lot of the earnings are being reinvested into the business, with the aim of fueling growth. Looking forward, earnings per share is forecast to rise by 16.8% over the next year. If the dividend continues on this path, the payout ratio could be 49% 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 annual payment back then was $0.32, compared to the most recent full-year payment of $0.72. This works out to be a
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News
- Gorman-Rupp First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Gorman-Rupp Company Declares Cash DividendBusiness Wire
- 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