The Board of Directors of Graham Corporation (NYSE MKT:
“The dividend increase confirms the Board’s confidence in our performance and long term outlook for Graham. We have a solid balance sheet, strong cash generation and the financial flexibility that enables us to raise our dividend while maintaining our focus on strategic acquisition opportunities,” said Mr. James R. Lines, Graham’s President and Chief Executive Officer. “We plan to continue to review the dividend over time as part of our commitment to continue building shareholder value.”
The dividend will be payable February 27, 2013, to stockholders of record at the close of business on February 13, 2013. Graham has approximately 10 million shares of its common stock outstanding.