The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.135 per share on the common stock of the Company, payable June 10, 2019, to shareholders of record May 15, 2019. This will mark the 277th consecutive quarterly dividend paid by The Gorman-Rupp Company.
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: (1) continuation of the current and projected future
business environment; (2) highly competitive markets; (3) availability
and costs of raw materials; (4) loss of key management; (5) cyber
security threats; (6) acquisition performance and integration; (7)
compliance with, and costs related to, a variety of import and export
laws and regulations; (8) environmental compliance costs and
liabilities; (9) exposure to fluctuations in foreign currency exchange
rates; (10) conditions in foreign countries in which The Gorman-Rupp
Company conducts business; (11) changes in our tax rates and exposure to
additional income tax liabilities; (12) impairment in the value of
intangible assets, including goodwill; (13) defined benefit pension plan
settlement expense; (14) family ownership of common equity; and (15)
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.
For additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190426005028/en/
Contacts:
Corporate Secretary
The Gorman-Rupp Company
Telephone
(419) 755-1246
NYSE: GRC