The Board of Directors of The Gorman-Rupp Company (NYSE Amex: GRC) declared a quarterly cash dividend of 10.5 cents per share on the common stock of the Company, payable March 10, 2011, to shareholders of record February 15, 2011. This marks the 244 th consecutive dividend paid by The Gorman-Rupp Company. During 2010 the Company achieved its 38th consecutive year of increased dividends paid to its shareholders.
Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2011, and the related establishment of the close of business on March 9, 2011 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be held at 10:00 A.M., Eastern Daylight Time at the Company’s Corporate Headquarters, 600 South Airport Road, Mansfield, Ohio 44903.
For additional information contact Wayne L. Knabel, Chief Financial Officer, Telephone (419) 755-1397.