Graco Increases Quarterly Dividend 8.5 Percent

Rhea-AI Summary

Graco Inc. (NYSE: GGG) declares an 8.5% increase in quarterly dividend to 25.5 cents per common share, payable on February 7, 2024, to shareholders of record on January 22, 2024. The company has approximately 167.8 million shares outstanding.

Positive

• The increase in quarterly dividend indicates a positive financial outlook for Graco Inc.

Negative

• None.

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, an increase of 8.5 percent, payable on February 7, 2024, to shareholders of record at the close of business on January 22, 2024. The Company has approximately 167.8 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/20231201341054/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 latest dividend declared by Graco Inc. (NYSE: GGG)?

The latest dividend declared by Graco Inc. is 25.5 cents per common share, reflecting an 8.5% increase.

When is the dividend payable to shareholders of Graco Inc. (NYSE: GGG)?

The dividend is payable on February 7, 2024, to shareholders of record at the close of business on January 22, 2024.

How many shares does Graco Inc. (NYSE: GGG) have outstanding?

Graco Inc. has approximately 167.8 million shares outstanding.