Graham Co. Announces Quarterly Dividend of $0.10 (GHM)

Graham Co. (NYSE:GHM) declared a quarterly dividend on Tuesday, January 29th, RTT News reports. Shareholders of record on Tuesday, February 12th will be given a dividend of 0.10 per share by the industrial products company on Tuesday, February 26th. This represents a $0.40 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Monday, February 11th.

Graham has raised its dividend by an average of 5.9% per year over the last three years. Graham has a payout ratio of 153.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

GHM stock opened at $22.01 on Thursday. Graham has a 1-year low of $19.48 and a 1-year high of $28.98. The company has a market capitalization of $209.76 million, a price-to-earnings ratio of 41.82 and a beta of 0.91.

Graham (NYSE:GHM) last posted its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.30). Graham had a return on equity of 4.67% and a net margin of 5.62%. The business had revenue of $17.20 million during the quarter. During the same period last year, the firm earned $0.02 EPS.

WARNING: “Graham Co. Announces Quarterly Dividend of $0.10 (GHM)” was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/02/14/graham-co-declares-quarterly-dividend-of-0-10-ghm.html.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.

Featured Article: Debt-To-Equity Ratio

Dividend History for Graham (NYSE:GHM)

Receive News & Ratings for Graham Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply