10 Best Dividend Stocks to Buy in August

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

Ex-Dividend Date: August 15

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.