Grainger Increases Quarterly Dividend by 6 Percent

Rhea-AI Summary

W.W. Grainger, Inc. (NYSE: GWW) announced a quarterly dividend of $1.53 per share, marking a 6% increase from June 2020. The dividend will be paid on September 1, 2020, to shareholders of record as of August 10, 2020. Grainger celebrates its 49th consecutive year of increasing dividends, demonstrating its strong cash flow and commitment to shareholder value amidst ongoing economic challenges due to COVID-19. The company's 2019 sales reached $11.5 billion, solidifying its status as North America's leading supplier of MRO products.

Positive

• Dividend increased by 6% to $1.53 per share.
• 49 consecutive years of increased dividends.
• Strong cash flow from operations supports dividend growth.

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• None.

CHICAGO, July 29, 2020 /PRNewswire/ -- The board of directors of W.W. Grainger, Inc. (NYSE: GWW) approved a quarterly cash dividend of $1.53 per share, an increase of 6 percent from the dividend paid in June 2020. The dividend is payable on September 1, 2020, to shareholders of record on August 10, 2020. Grainger has delivered 49 consecutive years of increased dividends.

"Our continued strong cash flow from operations and balance sheet have enabled us to pay a growing dividend. Despite the current unprecedented and challenging market conditions surrounding the COVID-19 pandemic, we are excited today to announce our 49th year of consecutive dividend increases, furthering our commitment to continually return value to our shareholders," said Grainger Chairman and CEO, DG Macpherson.

W.W. Grainger, Inc., with 2019 sales of $11.5 billion, is North America's leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America, Japan and Europe. For more information about the company, visit invest.grainger.com.

View original content:http://www.prnewswire.com/news-releases/grainger-increases-quarterly-dividend-by-6-percent-301102255.html

SOURCE W.W. Grainger, Inc.

FAQ

What is the new dividend amount announced by GWW?

The new quarterly dividend amount is $1.53 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on September 1, 2020.

What is the record date for the GWW dividend?

The record date for the dividend is August 10, 2020.

How many years has GWW increased its dividend?

GWW has increased its dividend for 49 consecutive years.

What were GWW's sales for 2019?

GWW reported sales of $11.5 billion for 2019.