|Graco Announces 3-for-1 Stock Split and Increases Quarterly Dividend by 10.4 Percent|
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 8, 2017--
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.
Graco 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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Source: Graco Inc.
Christian Rothe, 612-623-6205