Gorman-Rupp Company (The) (GRC) To Go Ex-Dividend on November 13th

Gorman-Rupp Company (The) (NYSE:GRC) declared a quarterly dividend on Friday, October 23rd. Investors of record on Friday, November 13th will be given a dividend of $0.20 per share by the industrial products company on Thursday, December 10th. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th. This is a 5.3% increase from Gorman-Rupp’s previous quarterly dividend of $0.19.

Gorman-Rupp has a payout ratio of 33.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Gorman-Rupp to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.7%.

Gorman-Rupp Price Performance

NYSE GRC opened at $73.67 on Friday. The business’s fifty day moving average is $74.81 and its 200 day moving average is $77.12. Gorman-Rupp has a fifty-two week low of $42.31 and a fifty-two week high of $92.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.82 and a current ratio of 2.81. The company has a market capitalization of $1.95 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32.

Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings results on Friday, October 23rd. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.16. Gorman-Rupp had a return on equity of 15.55% and a net margin of 8.88%. The business had revenue of $193.25 million during the quarter, compared to analysts’ expectations of $181.55 million. Sell-side analysts predict that Gorman-Rupp will post 2.67 earnings per share for the current year.

Gorman-Rupp Company Profile

Gorman-Rupp Co designs, manufactures and sells pumps and pumping systems for moving water and other liquids. Its product portfolio includes self-priming centrifugal pumps, standard centrifugal pumps, submersible pumps, rotary gear pumps, diaphragm pumps and related pumping equipment.

The company serves a range of markets, including municipal water and wastewater treatment, construction, agriculture, industrial operations, petroleum, fire protection and emergency services. Its products are used in applications such as sewage handling, flood control, dewatering, irrigation and general fluid transfer.

Founded in 1933 by J.C.