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Graham Corporation (NYSE: GHM) announced today that its Board of Directors has: (i) declared a 100% increase in the Company's regular quarterly dividend; and (ii) authorized a stock repurchase program of up to $18 million.
The quarterly dividend has been doubled to $0.08 per share from $0.04 per share. The annual dividend rate has accordingly been increased to $0.32 per share. This is the third consecutive year that Graham has increased its dividend.
To read entire press release, click on the PDF link below.