W.W. Grainger Boosts Dividend by 10%, Sets Buyback of 5 Million Shares

Dow Jones04-24

By Colin Kellaher

W.W. Grainger's board has raised the company's quarterly dividend by 10%, to $2.05 from $1.86, and approved the repurchase of up to 5 million shares.

The new quarterly payout, equal to $8.20 a year, represents an annual yield of about 0.86% based on Tuesday's closing price of $955.79, up from 0.78%.

The Lake Forest, Ill., supplier of maintenance, repair and operating products said Wednesday that the increased dividend is payable June 1 to shareholders of record May 13.

W.W. Grainger, which sports a market capitalization of around $47 billion, had about 49.3 million shares outstanding at the end of 2023.

The company spent $850 million on stock buybacks last year.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

April 24, 2024 10:23 ET (14:23 GMT)

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Grainger's board has raised the company's quarterly dividend by 10%, to $2.05 from $1.86, and approved the repurchase of up to 5 million shares. \n\n\n  The new quarterly ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z9505.USD","symbol_name":"美盛-美国大盘成长股A Acc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429113454","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429113454","pubTimestamp":1713968580,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"W.W. 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