Graham Corporation Increases Quarterly Cash Dividend
BATAVIA, N.Y.--(BUSINESS WIRE)--Aug 2, 2018--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical, power and defense industries, announced that its Board of Directors, at its regular meeting, declared a quarterly cash dividend of $0.10 per common share, reflecting a $0.01 increase. The annual dividend rate has accordingly been increased to $0.40 per share, from $0.36.
The dividend will be payable on August 29, 2018 to stockholders of record at the close of business on August 15, 2018. Graham has approximately 9.8 million shares of its common stock outstanding.
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. Energy markets include oil refining, cogeneration, nuclear and alternative power. For the defense industry, the Company’s equipment is used in nuclear propulsion power systems for the U.S. Navy. Graham’s global brand is built upon world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality. Graham designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. Graham is also a leading nuclear code accredited fabrication and specialty machining company. Graham supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. Graham’s equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. Graham’s reach spans the globe and its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.
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CONTACT: Graham Corporation
Jeffrey F. Glajch
Vice President - Finance and CFO
Kei Advisors LLC
Deborah K. Pawlowski / Karen L. Howard
716-843-3908 / 716-843-3942
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OIL/GAS UTILITIES OTHER ENERGY MANUFACTURING AEROSPACE CHEMICALS/PLASTICS STEEL OTHER MANUFACTURING DEFENSE OTHER DEFENSE NUCLEAR
SOURCE: Graham Corporation
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PUB: 08/02/2018 04:15 PM/DISC: 08/02/2018 04:15 PM