Sherwin-Williams (SHW) Raises Quarterly Dividend 23.1% to $1.65; 15M Share Buyback

Sherwin-Williams (NYSE: SHW) declared a quarterly dividend of $1.65 per share, or $6.60 annualized. This is a 23.1% increase from the prior dividend of $1.34. The dividend will be payable on March 12, 2021, to stockholders of record on March 1, 2021, with an ex-dividend date of February 26, 2021. The annual yield on the dividend is 0.9 percent.

Also, the Board authorized the Company to purchase 15 million shares of the Company's common stock for treasury, which is in addition to the shares remaining under the existing share repurchase authorization announced in October 2015. The total amount authorized will be adjusted proportionately to reflect the three-for-one stock split announced on February 3, 2021 so that there will be three times as many shares authorized for repurchase immediately after the stock split. The repurchase authorization has no expiration date, and purchases may be made from time to time for general corporate purposes.

For a dividend history and other dividend-related data on Sherwin-Williams (SHW) click here.

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