CHARLOTTE, N.C., Oct. 23 /PRNewswire-FirstCall/ -- The Board of Directors of Goodrich Corporation (NYSE: GR) has approved a 12.5 percent increase in the company's quarterly dividend to 22.5 cents per share from the current level of 20.0 cents per share on its common stock. The dividend is payable January 2, 2008 to shareholders of record as of December 3, 2007 .
Commenting on the dividend increase, Marshall Larsen , Chairman, President and Chief Executive Officer said, "This increase reflects the strength of our company and our expectation of continued robust growth in sales and earnings over the next several years. Industry conditions remain very favorable and we continue to execute well operationally. We will continue to review our dividend level periodically."
Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security 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. For more information visit http://www.goodrich.com.
Forward Looking Statements
Certain statements made in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's future plans, objectives, and expected performance. Specifically, statements that are not historical facts, including statements accompanied by words such as "believe," "expect," "anticipate," "intend," "estimate," or "plan," are intended to identify forward-looking statements and convey the uncertainty of future events or outcomes. The company cautions readers that any such forward-looking statements are based on assumptions that the company believes are reasonable, but are subject to a wide range of risks, and actual results may differ materially.
Important factors that could cause actual results to differ include, but are not limited to: demand for and market acceptance of our products; the health of the commercial aerospace industry; and potential cancellation or delays of orders. Further information regarding the factors that could cause actual results to differ materially from projected results can be found in the company's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2006 and the company's quarterly report on Form 10-Q for the quarter ended July 31, 2007 .
The company cautions you not to place undue reliance on the forward- looking statements contained in this release, which speak only as of the date on which such statements were made. The company undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date on which such statements were made or to reflect the occurrence of unanticipated events.
SOURCE Goodrich Corporation
