30 Growing Dividend Stocks with Low PE Ratios

20. The Gorman-Rupp Company (NYSE:GRC)

Forward P/E Ratio as of April 22: 16.37

The Gorman-Rupp Company (NYSE:GRC) is an American company that specializes in designing, manufacturing, and selling a wide range of pumps and related products for various industries and applications. The company was a part of 20 hedge fund portfolios at the end of Q4 2024, as per Insider Monkey’s database, up from 19 in the previous quarter. The total value of stakes owned by these hedge funds is nearly $47 million.

The Gorman-Rupp Company (NYSE:GRC) delivered solid results in the fourth quarter of 2024, posting revenue of $162.7 million, a 1.3% increase from the same quarter in the previous year. Although revenue came in slightly below analyst expectations by around $137,500, net income rose to $11.0 million, or $0.42 per share, compared to $9.0 million, or $0.34 per share, a year earlier. The company also reported a significant 15.8% jump in incoming orders from the prior-year period.

By the end of 2024, The Gorman-Rupp Company (NYSE:GRC) had $24.2 million in cash and cash equivalents, while its operating cash flow for the year reached $69.8 million. The company offers a quarterly dividend of $0.185 per share for a dividend yield of 2.24%, as of April 22. With a 52-year streak of consistent dividend growth, GRC is one of the best growing dividend stocks on our list.