CHICAGO, July 29, 2020 /PRNewswire/ -- The board of
directors of W.W. Grainger, Inc. (NYSE: GWW) approved
a quarterly cash dividend of $1.53 per share, an increase of 6 percent
from the dividend paid in June 2020.
The dividend is payable on September 1,
2020, to shareholders of record on August 10, 2020. Grainger has delivered 49
consecutive years of increased dividends.
"Our continued strong cash flow from operations and balance
sheet have enabled us to pay a growing dividend. Despite the
current unprecedented and challenging market conditions surrounding
the COVID-19 pandemic, we are excited today to announce our 49th
year of consecutive dividend increases, furthering our commitment
to continually return value to our shareholders," said Grainger
Chairman and CEO, DG Macpherson.
W.W. Grainger, Inc., with 2019 sales of $11.5 billion, is North
America's leading broad line supplier of maintenance, repair
and operating (MRO) products, with operations primarily in
North America, Japan and Europe. For more information about the
company, visit invest.grainger.com.
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SOURCE W.W. Grainger, Inc.