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Graham Corporation Increases Cash Dividend by 50%

The Board of Directors of Graham Corporation (NYSE MKT: GHM) today approved a fifty percent increase in the annual dividend on the Company’s common stock, raising the quarterly rate from 2.0 cents per share to 3.0 cents per share for an annual rate of 12.0 cents per share. 

“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.


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