The board of directors of The Gorman-Rupp Co. last week declared a quarterly cash dividend of $0.09 per share on the common stock of the company, payable Sept. 9, to shareholders of record Aug. 15. This marks the 246th consecutive dividend paid by the Mansfield, Ohio-based company.
In other news, Jeff Gorman, Gorman-Rupp CEO, joined by Jim Gorman, chairman of the board, the board of directors and members of the company’s management team, rang the closing bell at the New York Stock Exchange on July 28.
The honor of ringing the closing bell at the NYSE represented a great milestone for Gorman-Rupp’s history following its initial listing on the American Stock Exchange in 1968 and celebration of its 75th year anniversary in 2008. The ceremony also commemorated the company’s decision to join the NYSE Amex in 2009 following the acquisition of the American Stock Exchange by the NYSE.
A link to the webcast re-playing the event is available on the company website at www.gormanrupp.com/news.