Graco Increases Regular Quarterly Dividend by 5 Percent and Announces New Board Member, Eric P. Etchart
December 03 2010 - 11:23AM
Business Wire
The Board of Directors of Graco Inc. (NYSE:GGG) has
declared a regular quarterly dividend of 21 cents per common share,
an increase of 5 percent, payable on February 2, 2011, to
shareholders of record at the close of business on January 18,
2011. The Company has approximately 59.9 million shares
outstanding.
Graco Inc. is pleased to announce that Eric P. Etchart has
joined the company’s board of directors, effective Thursday,
December 2, 2010. Mr. Etchart is President of the Manitowoc Crane
Group of The Manitowoc Company, Inc., and a Senior Vice President
of The Manitowoc Company, Inc., Manitowoc, Wisconsin. Mr. Etchart
has nearly twenty-eight years of global experience with
manufacturing companies. He has twenty-five years of experience in
management positions outside of the U.S., including positions in
China, Singapore, Italy, France, and the Middle East. Mr. Etchart
is particularly well suited to provide international perspective to
the Company as Graco develops its business in global markets.
Graco Inc. supplies technology and expertise for the management
of fluids in both industrial and commercial applications. It
designs, manufactures and markets systems and equipment to move,
measure, control, dispense and spray fluid materials. A recognized
leader in its specialties, Minneapolis-based Graco serves customers
around the world in the manufacturing, processing, construction,
and maintenance industries. For additional information about Graco
Inc., please visit us at www.graco.com.
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