W.R. Grace & Co. (GRA) Raises Quarterly Dividend 31.3% to $0.21; 1.2% Yield
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W.R. Grace & Co. (NYSE: GRA) declared a quarterly dividend of $0.21 per share, or $0.84 annualized. This is a 31.3% increase from the prior dividend of $0.16.
The dividend will be payable on March 23, 2017, to stockholders of record on March 1, 2017, with an ex-dividend date of February 27, 2017.
The annual yield on the dividend is 1.2 percent.
"Grace is committed to growing our dividend for shareholders as part of our balanced capital allocation strategy," said Fred Festa, Grace’s Chairman and Chief Executive Officer. "In addition to the meaningful increase in our dividend that the Board approved today, during 2016 we strategically deployed cash to complete $245 million in acquisitions, made $117 million in capital investments, and returned $231 million to shareholders through share repurchases and dividends. We remain confident in our ability to generate strong free cash flow and drive superior performance over the long term."
For a dividend history and other dividend-related data on W.R. Grace & Co. (GRA) click here.
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