Graham Corp. Plans Quarterly Dividend of $0.03 (GHM)
Graham Corp. (NYSE:GHM) declared a quarterly dividend on Thursday, October 24th, Stock Ratings Network.com reports. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.03 per share on Thursday, December 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.31%.
A number of research firms have recently commented on GHM. Analysts at Zacks downgraded shares of Graham Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $38.90 price target on the stock. Finally, analysts at Dougherty & Co downgraded shares of Graham Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 26th.
Shares of Graham Corp. (NYSE:GHM) traded down 0.66% during mid-day trading on Thursday, hitting $39.12. 47,088 shares of the company’s stock traded hands. Graham Corp. has a 1-year low of $16.45 and a 1-year high of $38.96. The stock has a 50-day moving average of $34.20 and a 200-day moving average of $28.0. The company has a market cap of $392.5 million and a price-to-earnings ratio of 29.17.
Graham Corporation (NYSE:GHM) designs, manufactures and sells custom-built vacuum and heat transfer equipment to customers worldwide.
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