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The Board of Directors of Graco Inc. (NYSE:GGG) has announced a quarterly dividend of $0.235 per common share, marking an 11.9% increase. The dividend is payable on February 1, 2023, to shareholders on record as of January 18, 2023. With approximately 170.2 million shares outstanding, this move reflects the company’s commitment to returning value to its shareholders.
Positive
Quarterly dividend increased by 11.9% to $0.235 per share.
Demonstrates commitment to returning value to shareholders.
Negative
None.
MINNEAPOLIS--(BUSINESS WIRE)--
The Board of Directors of Graco Inc.(NYSE:GGG) has declared a regular quarterly dividend of 23.5 cents ($0.235) per common share, an increase of 11.9 percent, payable on Feb. 1, 2023, to shareholders of record at the close of business on Jan. 18, 2023. The Company has approximately 170.2 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.
