Graco Announces 3-for-1 Stock Split and Increases Quarterly Dividend by 10.4 Percent
December 08 2017 - 11:11AM
Business Wire
The Board of Directors of Graco Inc. (NYSE:GGG) today
announced the following actions related to its common stock of
which there are approximately 56 million shares outstanding:
- The declaration of a 3-for-1 split of
the Company’s common stock, to be distributed on December 27, 2017,
for shareholders of record as of December 18, 2017. This is the
twelfth split of the Company’s common stock since it was first
publicly offered in 1969.
- The declaration of a regular quarterly
dividend of 39.75 cents per common share (or 13.25 cents per
post-split share), an increase of 10.4 percent, payable on February
7, 2018, to shareholders of record at the close of business on
January 22, 2018.
ABOUT GRACOGraco Inc. supplies technology and expertise
for the management of fluids and coatings in both industrial and
commercial applications. It designs, manufactures and markets
systems and equipment to move, measure, control, dispense and spray
fluid and powder materials. A recognized leader in its specialties,
Minneapolis-based Graco serves customers around the world in the
manufacturing, processing, and construction and maintenance
industries. For additional information about Graco Inc., please
visit us at www.graco.com or on
Twitter @GracoInc.
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version on businesswire.com: http://www.businesswire.com/news/home/20171208005464/en/
Graco Inc.Christian Rothe, 612-623-6205orMedia:Charlotte Boyd,
612-623-6153Charlotte_M_Boyd@graco.com
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