The Zacks Analyst Blog The Gorman-Rupp, Kontoor Brands, Kontoor Brands and Standex International

Core Insights - The article discusses the impact of recent market volatility and inflation data on investment strategies, particularly focusing on dividend-paying stocks as a safer investment option during uncertain times [2][3][5][7]. Market Overview - The Nasdaq reached an all-time closing high recently, but market volatility has increased, with the Dow and S&P 500 ending a six-week winning streak [2]. - Recent inflation data showed a 0.2% increase in the consumer price index (CPI) for September, surpassing the expected 0.1% rise, while year-over-year CPI rose 2.4%, the smallest increase in over three and a half years [5][6]. Investment Strategy - In light of market conditions, investors are encouraged to consider dividend-paying stocks for steady income and capital preservation [4][8]. - Companies highlighted for their dividend increases include The Gorman-Rupp Company, Kontoor Brands, Inc., West Pharmaceutical Services, Inc., and Standex International Corp. [4][8]. Company Highlights - The Gorman-Rupp Company (GRC): Announced a dividend of $0.19 per share with a yield of 1.93$0.52 per share, yielding 2.60%. The company has raised its dividend four times over the last five years, with a payout ratio of 42% [11]. - West Pharmaceutical Services, Inc. (WST): Announced a dividend of $0.21 per share, yielding 0.26$0.32 per share, yielding 0.68%. The company has raised its dividend six times over the last five years, with a payout ratio of 17% [13][14].