The Gorman-Rupp pany(GRC) ZACKS·2024-10-28 19:01Market Overview - The Nasdaq reached an all-time closing high, but market volatility has increased recently, with the Dow and S&P 500 ending a six-week winning streak due to inflation concerns [1] - The Federal Reserve's recent 50-basis point rate cut was initially welcomed, but inflation data for September has created uncertainty [3][5] - The consumer price index (CPI) rose by 0.2% in September, exceeding the expected 0.1% increase, while year-over-year CPI increased by 2.4%, the smallest rise in over three and a half years [3][4] Dividend-Paying Stocks - In light of market volatility, investors may consider dividend-paying stocks as a stable income source [2][6] - The following companies have announced dividends: - The Gorman-Rupp Company (GRC): Dividend of 0.52 per share with a yield of 2.60%, increased dividends four times in the past five years, payout ratio at 42% [9] - West Pharmaceutical Services, Inc. (WST): Dividend of 0.32 per share with a yield of 0.68%, increased dividends six times in the past five years, payout ratio at 17% [13]