The Gorman-Rupp Company Declares Quarterly Cash Dividend, Payable March 8, 2019; Announces Cessation of Board of Directors
January 25, 2019 at 05:15 pm IST
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The Board of Directors of The Gorman-Rupp Company declared a quarterly cash dividend of $0.135 per share on the common stock of the Company, payable March 8, 2019, to shareholders of record as of February 15, 2019.
The company also announced that James C. Gorman, Chairman of the Board of Directors informed to the company that he will not stand for re-election as a Director at the Company's 2019 Annual Meeting of Shareholders scheduled in April, at which time his term as a Director will expire. Following the conclusion of his term, Mr. Gorman plans to continue his involvement with the Company in a non-executive officer capacity. W. Wayne Walston also has notified the Company that he will not stand for re-election as a Director at the Company's 2019 Annual Meeting of Shareholders, when his term will expire.
The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning, military, and other liquid-handling applications. The Companyâs product line consists of pump models ranging in size from 1/4 to nearly 15 feet and ranging in rated capacity from less than one gallon per minute to nearly one million gallons per minute. The types of pumps which the Company produces include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed-flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, rotary vein, and more. Its pumps have driven that range from 1/35 horsepower electric motors up to larger electric motors or internal combustion engines capable of producing several thousand horsepower. The Companyâs pumps are also utilized for dewatering purposes.
THE GORMAN-RUPP COMPANY 
