Gorman-Rupp Company Declares Cash Dividend
April 23 2021 - 6:15AM
Business Wire
The Board of Directors of The Gorman-Rupp Company (NYSE: GRC)
has declared a quarterly cash dividend of $0.155 per share on the
common stock of the Company, payable June 10, 2021, to shareholders
of record May 14, 2021. This will mark the 285th 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:
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210423005051/en/
Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company
Telephone (419) 755-1246 NYSE: GRC
For additional information, contact James C. Kerr, Chief
Financial Officer, Telephone (419) 755-1548.
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