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Jim Trippon is a certified genius, a member of MENSA, and the epitome of the “Overachieving Entrepreneur.” He’s an internationally renowned and globally experienced investment expert, dedicated to finding undervalued, “under the radar” investments for his worldwide clients and subscribers. He... More
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  • Gardner Denver Announces Quarterly Dividend To Be Paid 0 comments
    Nov 18, 2009 9:25 AM | about stocks: GDI

    Gardner Denver Initiates Dividend Policy

    National Oilwell Varco Delivers Good News For Dividend Seekers

    About: (Gardner Denver, GDI) Bookmark and Share

     
                Gardner Denver (NYSE: GDI), the maker of screw, vane and reciprocating compressors for the food, energy and chemical industries, announced it will start paying a quarterly dividend. The company will pay 5 cents a share beginning in the current quarter. The new dividend is payable on December 10 to shareholders of record on November 23.

                While an annual dividend of 20 cents isn't going to get you into a Ferrari, it is usually a good sign to see a company that hasn't previously paid a regular dividend start doing so. Hopefully, this is a start of trend. Gardner Denver shares are up nearly 87% year-to-date and the company had more than $71 million in free cash at the end of 2008.

     
    Gardner Denver announced it will start paying a quarterly dividend. The company will pay 5 cents a share beginning in the current quarter.

    For more information about Dividend Genius, visist http://www.dividendgenius.com. To see the latest special offer from Dividend Genius, visit: http://www.dividendstockblog.com/dividend-genius-video.html
     

    Stocks: GDI
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