The Gorman-Rupp Company (NYSE MKT: GRC) has again been named one of the 100 Most Trustworthy Companies in America by Forbes. Each year, GMI Ratings compiles a list of the 100 most trustworthy companies by reviewing more than 8,000 publicly-traded companies in America. The companies are ranked based on a series of factors that reflect accounting and governance behaviors over the four quarters of the previous fiscal year. GMI Ratings then provides the list of the highest ranking companies, sorted by large, mid and small cap companies, to Forbes. In the 2014 rankings, Gorman-Rupp achieved an average composite score of 97 out of a possible 100. In addition, Gorman-Rupp is one of only four companies that have appeared on the list three times in the previous seven years. It was previously recognized in 2013, 2012 and 2009. “The Gorman-Rupp Company is very pleased to receive this recognition once again,” said Jeffrey S. Gorman, President and CEO of The Gorman-Rupp Company. David P. EmmensCorporate SecretaryThe Gorman-Rupp CompanyTelephone (419) 755-1477NYSE MKT: GRC For additional information contact Wayne L. Knabel, Chief Financial Officer, Telephone (419) 755-1397.
Shareholders of Gorman-Rupp Co. looking to boost their income beyond the stock's 1.4% annualized dividend yield can sell the June covered call at the $30 strike and collect the premium based on the $1.70 bid, which annualizes to an additional 16.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 18.2% annualized rate in the scenario where the stock is not called away.