Notable Dividend Flow: Graham Corporation (NYSE:GHM) dividends of $0.09 are projected for the near future; this is why.

Notable Dividend Flow: Graham Corporation (NYSE:GHM) dividends of $0.09 are projected for the near future; this is why.

Graham Corporation (NYSE:GHM) is expected to pay $0.09 on Nov 28, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Graham Corporation’s current price of $17.48, the dividend is 0.51%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 1, 2016. The stock increased 1.04% or $0.18 during the last trading session, hitting $17.48. Graham Corporation (NYSE:GHM) has declined 5.75% since April 5, 2016 and is downtrending. It has underperformed by 7.71% the S&P500.

Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The company has a market cap of $169.79 million. The Firm creates and makes custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It has a 45.24 P/E ratio. It is a nuclear code accredited fabrication and specialty machining company.

Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.25, from 0.92 in 2016Q1. The ratio increased, as 5 funds sold all Graham Corporation shares owned while 25 reduced positions. 9 funds bought stakes while 26 increased positions. They now own 7.11 million shares or 6.04% less from 7.56 million shares in 2016Q1.
Blackrock Fund Advisors, a California-based fund reported 247,939 shares. Lafitte Capital Management L P accumulated 6.06% or 500,000 shares. The Illinois-based Northern Trust has invested 0% in Graham Corporation (NYSE:GHM). Wcm Invest Mgmt Ca owns 251,961 shares or 0.07% of their US portfolio. Citigroup Inc last reported 0% of its portfolio in the stock. Financial Bank Of New York Mellon last reported 66,653 shares in the company. Qci Asset Mngmt Ny last reported 4,007 shares in the company. Moreover, Brandywine Global Inv Mngmt Limited Liability Company has 0.03% invested in Graham Corporation (NYSE:GHM) for 223,509 shares. Rhumbline Advisers holds 0% of its portfolio in Graham Corporation (NYSE:GHM) for 14,821 shares. Blackrock Investment Ltd Liability Corporation reported 40,601 shares or 0% of all its holdings. Deutsche Comml Bank Ag holds 0% or 1,778 shares in its portfolio. Jupiter Asset Mngmt Ltd holds 0.12% or 165,091 shares in its portfolio. Hilltop Holdings Inc, a Texas-based fund reported 23,900 shares. Schwab Charles Invest accumulated 0% or 30,990 shares. Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 1,025 shares.

Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 2 sales for $99,773 net activity. MAZURKIEWICZ GERARD T also sold $9,750 worth of Graham Corporation (NYSE:GHM) shares. Condame Jennifer R had sold 4,974 shares worth $90,023.

More recent Graham Corporation (NYSE:GHM) news were published by: Seekingalpha.com which released: “Graham Corporation’s (GHM) CEO Jim Lines on Q2 2017 Results – Earnings Call …” on November 01, 2016. Also Bizjournals.com published the news titled: “Graham Corp. cuts about 35 workers to reduce costs” on July 29, 2016. Globenewswire.com‘s news article titled: “Graham Corporation Announces First Quarter Fiscal Year 2017 Financial Results …” with publication date: July 14, 2016 was also an interesting one.

GHM Company Profile

Graham Corporation, incorporated on March 7, 1983, designs, makes and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Firm creates and makes custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. The Firm is also a nuclear code accredited fabrication and specialty machining company. It supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. The Company’s equipment is found in other applications, such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. For the defense industry, its equipment is used in nuclear propulsion power systems for the United States Navy. The Company’s subsidiary, Energy Steel & Supply Co. (Energy Steel), is located in Lapeer, Michigan. The Company’s subsidiary, Graham Vacuum and Heat Transfer Technology (Suzhou) Co., Ltd. (GVHTT), is located in Suzhou, China. GVHTT provides sales and engineering support for the Company in the People’s Republic of China and management oversight throughout Southeast Asia.

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