Gorman-Rupp Company Declares Cash Dividend
The Board of Directors of Gorman-Rupp Company (NYSE: GRC) has announced a quarterly cash dividend of $0.155 per share, payable on June 10, 2021, to shareholders recorded by May 14, 2021. This payout marks the 285th consecutive quarterly dividend. Gorman-Rupp, established in 1933, specializes in designing, manufacturing, and marketing pumps and pump systems for various applications including water, wastewater, and industrial use. The company cautions investors about potential risks including competitive markets and economic uncertainties.
- Quarterly cash dividend of $0.155 per share enhances shareholder income.
- 285 consecutive quarterly dividends paid shows consistent financial performance.
- Risks associated with loss of key personnel and intellectual property security.
- Exposure to competitive markets and economic uncertainties could impact future performance.
The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of
About The Gorman-Rupp Company
Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
Forward-Looking Statements
In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210423005051/en/
FAQ
What is the dividend amount declared by Gorman-Rupp Company?
When will the dividend be paid to shareholders?
What is the record date for the dividend payout?
How many consecutive dividends has Gorman-Rupp Company paid?
What are the risks mentioned in the press release regarding Gorman-Rupp?
