W.W. Grainger raises quarterly dividend by 10 percent
Updated
Updated · MarketWatch · Apr 29
W.W. Grainger raises quarterly dividend by 10 percent
7 articles · Updated · MarketWatch · Apr 29
The board increased the dividend to $2.49 per share, payable June 1 to shareholders of record as of May 11.
This raises the annual payout to $9.96, representing a yield of about 0.87% based on a $1,143 share price.
The Lake Forest, Illinois-based distributor last set its quarterly dividend at $2.26, with the new increase reflecting continued confidence in the company’s financial performance.
How will building new U.S. and Japan distribution centers impact Grainger's cash flow and future dividend hikes?
Grainger's stock is over $1,100, but its new dividend yield is below 1%. What justifies this premium valuation?
Is Grainger's 'Dividend King' status limiting more aggressive investments needed for future market dominance?
Can moving a tech executive to lead sales successfully turn digital investments into measurable growth with large customers?
As Grainger expands globally, can its high-touch service model compete with more agile, digital-native MRO suppliers?