Graco Increases Quarterly Dividend 7.1 Percent

Rhea-AI Summary

Graco Inc. (NYSE:GGG) has declared a quarterly dividend of $0.1875 per share, marking a 7.1% increase. The dividend is payable on February 3, 2021, to shareholders on record as of January 19, 2021. With approximately 168.4 million shares outstanding, this move reflects the company's commitment to returning value to its shareholders amidst its ongoing operations in fluid management technology across various industries.

Positive

• Quarterly dividend increased by 7.1% to $0.1875 per share.
• Dividend payment reflects Graco's commitment to shareholder returns.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 18.75 cents ($0.1875) per common share, an increase of 7.1 percent, payable on Feb. 3, 2021, to shareholders of record at the close of business on Jan. 19, 2021. The Company has approximately 168.4 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.