Graham Co. (GHM) Plans Quarterly Dividend of $0.09

Graham Co. (NYSE:GHM) declared a quarterly dividend on Wednesday, May 30th, RTT News reports. Investors of record on Wednesday, June 13th will be given a dividend of 0.09 per share by the industrial products company on Wednesday, June 27th. This represents a $0.36 annualized dividend and a yield of 1.38%.

Graham has increased its dividend by an average of 31.0% per year over the last three years. Graham has a payout ratio of 138.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

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Graham traded up $0.52, reaching $26.15, on Wednesday, reports. 456 shares of the company’s stock were exchanged, compared to its average volume of 25,034. The firm has a market capitalization of $246.15 million, a PE ratio of 84.00 and a beta of 0.82. Graham has a 52 week low of $17.97 and a 52 week high of $25.75.

About Graham

Graham Corporation, together with its subsidiaries, designs, manufactures, and sells 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; and vacuum equipment consisting of steam jet ejector vacuum systems and liquid ring vacuum pumps.

Dividend History for Graham (NYSE:GHM)