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Goodrich Boosts Dividend By 2 Cents Per Share

The Associated Press

CHARLOTTE, N.C. (AP) — Goodrich Corp. on Tuesday raised its quarterly dividend to 27 cents per share from 25 cents per share, an 8 percent increase.

The dividend is payable Jan. 4 to shareholders of record on Dec. 1.

Goodrich provides supplies and services to aerospace and defense companies.

CEO Marshall Larsen said the dividend increase reflected the company's long-term growth prospects, including work on commercial and military aircraft now in development.

Goodrich shares rose 47 cents to $55.30 before the dividend announcement.