The Board of Directors of Goodrich Corp. (GR) yesterday announced an 8% dividend increase to 27 cents per share from the current dividend of 25 cents per share on the company’s common stock. The dividend is payable Jan 4, 2010 to shareholders of record as of Dec 1, 2009.
The increased dividend reflects the company’s continued financial strength and long-term growth prospects, including work on commercial and military aircraft now in development. These prospects are supported by the company’s presence on the newer aircraft platforms in service, which should generate substantial aftermarket sales.
Goodrich engages in the supply of aerospace components, systems, and services worldwide. Goodrich serves commercial, regional, business, and general aviation airplane original equipment; commercial, regional, business, and general aviation airplane aftermarket; and defense and space markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities.
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