Graco Announces Regular Quarterly Dividend

Rhea-AI Summary

Graco's Board of Directors has declared a regular quarterly dividend of $0.255 per common share. This dividend will be payable on August 7, 2024, to shareholders of record by the close of business on July 22, 2024. Graco currently has about 169 million shares outstanding.

This announcement reflects the company's ongoing commitment to returning value to its shareholders through regular dividend payments.

Positive

• Declared a regular quarterly dividend of $0.255 per share.
• Dividend payment date is set for August 7, 2024.
• Record date for shareholders is July 22, 2024.
• Approximately 169 million shares outstanding.
• Consistent dividend payments indicate financial stability and shareholder value.

Negative

• No new business developments or growth initiatives announced.
• Dividend amount remains unchanged, showing no increase in shareholder returns.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 25.5 cents ($0.255) per common share, payable on August 7, 2024, to shareholders of record at the close of business on July 22, 2024. The Company has approximately 169.0 million shares outstanding.

ABOUT GRACO

Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240614667702/en/

Investors: David Lowe, 612-623-6456

Media: Meredith Sobieck, 763-353-1498

Meredith_A_Sobieck@graco.com

Source: Graco Inc.

FAQ

What is the amount of Graco's quarterly dividend?

Graco has announced a regular quarterly dividend of $0.255 per common share.

When is Graco's next dividend payment date?

The next dividend payment date for Graco is August 7, 2024.

What is the record date for Graco's dividend?

The record date for Graco's dividend is July 22, 2024.

How many shares does Graco have outstanding?

Graco has approximately 169 million shares outstanding.