Gorman-Rupp's (GRC) Long Dividend History Makes it a Worthy Buy in August

The Gorman-Rupp Company (NYSE:GRC) is included among the 10 Best Dividend Stocks to Buy in August.

The Gorman-Rupp Company (NYSE:GRC) is an American company that focuses on the design, production, and sale of a broad selection of pumps and related equipment used across multiple industries and applications.

The Gorman-Rupp Company (NYSE:GRC) recently reported its earnings for the second quarter of 2025, with revenues coming in at $179 million, up 5.62% from the same period last year. The revenue also beat analysts’ estimates by $4.45 million. The company posted record net income of $15.8 million for the second quarter, equal to $0.60 per share, up from $8.3 million or $0.32 per share in the same period of 2024. It also reported a 15.7% year-over-year increase in new orders, totaling a record $188.0 million—an increase of $25.5 million from the prior year.

The Gorman-Rupp Company (NYSE:GRC) also demonstrated a strong cash position. Its operating cash flow for the first six months came in at $48.9 million, up from $33.4 million during the same period last year. The growth in operating cash flow during the first half of 2025 was mainly driven by higher net income and a boost in accrued expenses.

The Gorman-Rupp Company (NYSE:GRC) currently offers a quarterly dividend of $0.185 per share and has a dividend yield of 1.78%, as of July 28. The company has been rewarding shareholders with growing dividends for the past 52 years.

While we acknowledge the potential of GRC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best and Safe Dividend Stocks to Buy Now and 10 Stocks with Highest Dividend to Buy Right Now.

Disclosure: None.