CHARLOTTE, N.C., Oct. 12, 2010 /PRNewswire-FirstCall/ -- The Board of Directors of Goodrich Corporation (NYSE: GR) has approved a seven percent increase in the company's quarterly dividend to 29 cents per share from the current level of 27 cents per share on its common stock. The dividend is payable December 30, 2010 to shareholders of record as of December 1, 2010.
Commenting on the dividend increase, Marshall Larsen, Chairman, President and Chief Executive Officer said, "This dividend increase of seven percent reflects our view that Goodrich will experience strong future growth as large commercial airplane production rates increase, the Boeing 787 enters service and commercial airplane aftermarket trends improve. Goodrich is well positioned to take advantage of this growth with excellent positions on all of the popular commercial airplanes and also on important defense and space programs with good future growth prospects."
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.
SOURCE Goodrich Corporation