Graco (GGG) Raises Quarterly Dividend 20.8% to $0.16; Approves 18M Share Buyback

December 7, 2018 11:27 AM EST

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Graco (NYSE: GGG) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is a 20.8% increase from the prior dividend of $0.1325.

The dividend will be payable on February 6, 2019, to stockholders of record on January 22, 2019, with an ex-dividend date of January 18, 2019.

The annual yield on the dividend is 1.5 percent.

Authorization of a new plan to purchase up to 18 million shares of the Company’s outstanding common stock over an indefinite period of time or until the authorization is terminated by the Board. These shares will be acquired primarily through open-market purchases and accelerated share repurchase transactions from time to time. Shares purchased under this authorization will be in addition to approximately 3.3 million shares remaining under another share repurchase authorization that was announced in April of 2015.

For a dividend history and other dividend-related data on Graco (GGG) click here.

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