GRAINGER INCREASES QUARTERLY DIVIDEND by 8%

Rhea-AI Summary

On April 26, 2023, W.W. Grainger, Inc. (NYSE: GWW) announced an 8% increase in its quarterly cash dividend to $1.86 per share, marking the 52nd consecutive year of annual dividend increases. This dividend will be payable on June 1, 2023, to shareholders of record as of May 8, 2023. The increase reflects Grainger's commitment to returning value to shareholders while continuing to invest strategically in its business. In 2022, Grainger reported sales of $15.2 billion and serves over 4.5 million customers globally through its extensive product offerings and services.

Positive

• 8% increase in quarterly cash dividend to $1.86 per share.
• 52nd consecutive year of annual dividend increases.
• Strong sales performance with $15.2 billion reported in 2022.

Negative

• None.

CHICAGO, April 26, 2023 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $1.86 per share, an increase of 8% from the most recent company dividend. The dividend is payable on June 1, 2023, to shareholders of record on May 8, 2023.

"We are pleased today to continue our longstanding commitment to our shareholders through our dividend program. This year marks the 52^nd consecutive year of annual dividend increases and reinforces our ability to return value to our shareholders, while also strategically investing in the business," said D.G. Macpherson, Grainger Chairman and CEO.

About Grainger

W.W. Grainger, Inc., with 2022 sales of $15.2 billion, is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. Grainger achieves its purpose, We Keep the World Working®, by serving more than 4.5 million customers worldwide with innovative technology and deep customer relationships. The Company operates two business models. In the High-Touch Solutions segment, Grainger offers more than 2 million maintenance, repair and operating (MRO) products and several services, such as technical support and inventory management. In the Endless Assortment segment, Zoro.com offers customers access to more than 11 million items, and MonotaRO.com provides more than 20 million items. For more information, visit invest.grainger.com.

View original content:https://www.prnewswire.com/news-releases/grainger-increases-quarterly-dividend-by-8-301808353.html

SOURCE W.W. Grainger, Inc.

FAQ

What is the new dividend amount for W.W. Grainger (GWW) in 2023?

W.W. Grainger (GWW) has increased its quarterly dividend to $1.86 per share.

When will the dividend be paid to shareholders of W.W. Grainger?

The dividend will be payable on June 1, 2023, to shareholders of record on May 8, 2023.

How long has W.W. Grainger been increasing its dividend?

W.W. Grainger has increased its dividend for 52 consecutive years.

What were W.W. Grainger's sales in 2022?

W.W. Grainger reported sales of $15.2 billion in 2022.