Member access

4-Traders Homepage  >  Shares  >  Nyse  >  W.W. Grainger, Inc.    GWW   US3848021040

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

W.W. Grainger, Inc. : WW Grainger Raises Quarterly Dividend 21%

04/25/2012 | 11:56am US/Eastern
Recommend:
0

W.W. Grainger Inc. (GWW) raised its quarterly dividend by 21% as the industrial-goods supplier looks to increase shareholder value.

The increase, of 14 cents, brings the company's quarterly payout to 80 cents a share and marks its 41st consecutive year of increased dividends. Grainger said the increase will cost about $39.3 million more a year.

"We are committed to providing top quartile returns to our investors, and our dividend is an important and consistent part of the equation," said Chairman and Chief Executive Jim Ryan.

Grainger, which offers goods ranging from lighting to janitorial products, has posted double-digit percentage earnings growth in recent quarters, amid demand from businesses and institutions trying to consolidate suppliers. The company, which is sometimes seen as a bellwether for the national economy because of the breadth of its offerings, has recently seen its stock rise as investors see Grainger benefiting from the surprise resurgence of U.S. manufacturing.

Last week, Grainger reported its first-quarter earnings jumped 19%, driven by stronger volume and a boost from its acquisitions.

Shares were up by 2.1% to $208.36 in recent trading. The stock is up 40% over the past 12 months.

-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Recommend :
0
React to this article
Latest news on W.W. GRAINGER, INC.
1d ago W W GRAINGER : Assigned Patent
09/12 W W GRAINGER : Grainger Reports August 2014 Sales Results
09/09 W W GRAINGER : Grainger Names Dean Johnson As New President Of Acklands-Grainger
09/09 W W GRAINGER : Grainger Names Dean Johnson As New President Of Acklands-Grainger
09/04 W W GRAINGER : Grainger Announces World's First Data Center Certified by New LEE..
09/02 W W GRAINGER : Acklands-Grainger Inc. Completes Acquisition Of WFS Enterprises I..
09/02 W W GRAINGER : GRAINGER W W INC : Change in Directors or Principal Officers (for..
08/28 W W GRAINGER : Concert Schedule, Technical Update, Expansion, Dividend Declarati..
08/13 W W GRAINGER : Grainger Reports July 2014 Sales Results
08/07 W.W. GRAINGER, INC. : ex-dividend day
Advertisement
Chart
Duration : Period :
W.W. Grainger, Inc. Technical Analysis Chart | GWW | US3848021040 | 4-Traders
Income Statement Evolution
W.W. Grainger, Inc. : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF