W.W. Grainger increases dividend for 44th consecutive year
The quarterly dividend will be increased from $1,08 to $1,17 per share, marking 44 years of consecutive dividend increases.
"We are committed to providing value to shareholders through consistent increases in the dividend and through share repurchases," said Grainger Chairman, President and Chief Executive Officer Jim Ryan. "Earlier this month, we announced plans to buy back $3 billion of stock with cash generated by the business and through debt issuance. This important change in our capital allocation structure also preserves our ability to continue to invest in the business while maintaining a very strong balance sheet," Ryan concluded. (source: company website).
Currently W.W. Grainger has an indicated dividend yield of 1,9%. At $249,30 the stock price of W.W. Grainger is down 2% this year, dividends excluded. In 2014 the stock was unchanged.
