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Graco Authorizes Repurchase of Additional 18 Million Shares and Increases Quarterly Dividend 20.8 Percent
- Authorization of a new plan to purchase up to 18 million shares of the Company’s outstanding common stock over an indefinite period of time or until the authorization is terminated by the Board. These shares will be acquired primarily through open-market purchases and accelerated share repurchase transactions from time to time. Shares purchased under this authorization will be in addition to approximately 3.3 million shares remaining under another share repurchase authorization that was announced in April of 2015.
The declaration of a regular quarterly dividend of
16 cents ($0.16)per common share, an increase of 20.8 percent, payable on Feb. 6, 2019, to shareholders of record at the close of business on Jan. 22, 2019.
Investors: Mark Sheahan, 612-623-6656
Media: Charlotte Boyd, 612-623-6153