Graco Inc. : Graco Authorizes Repurchase of 6 Million Shares and Declares Regular Quarterly Dividend
09/14/2012| 11:55am US/Eastern
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The Board of Directors of Graco Inc. (NYSE:GGG) today announced
the following actions related to its common stock, of which there are
approximately 60.5 million shares outstanding:
-
Authorization of a new plan for the Company to purchase up to 6
million shares of its outstanding common stock through September 30,
2015. These shares will be acquired primarily through open-market
purchases and accelerated share repurchase transactions from time to
time. The Company currently has approximately 3.9 million shares
available under its current repurchase authorization, which expires on
September 30, 2012.
-
The declaration of a regular quarterly dividend of 22-1/2 cents per
common share, payable on November 7, 2012, to shareholders of record
at the close of business on October 22, 2012.
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.
Graco Inc.
James A. Graner, 612-623-6635
or
Media:
Jodi
Ehlers Swanson, 612-623-6217
© Business Wire 2012
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