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 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.
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