Graco Announces Regular Quarterly Dividend

Rhea-AI Summary

Graco Inc. (GGG) announces a regular quarterly dividend of $0.255 per share payable on May 1, 2024, to shareholders of record as of April 15, 2024.

Positive

• Graco Inc. declares a quarterly dividend of $0.255 per share for shareholders, reflecting financial stability and commitment to rewarding investors.
• The dividend payout date is set for May 1, 2024, benefiting shareholders of record as of April 15, 2024.
• With approximately 168.4 million shares outstanding, the total dividend distribution amounts to a significant figure, showcasing the company's financial strength.

Negative

• None.

Financial Analyst

The declaration of a regular quarterly dividend by Graco Inc. is a significant indicator of the company's financial health and its commitment to returning value to shareholders. A dividend payment, particularly one that is maintained or increased regularly, can be seen as a sign of a company's stable cash flow and confidence in its future earnings. Investors often view such announcements as a positive signal, potentially leading to increased investor confidence and a favorable impact on the stock price.

It is crucial to analyze the dividend yield, which is the dividend per share divided by the stock price. This metric helps investors understand the return on investment from dividends alone. In the context of the broader market, if Graco Inc.'s dividend yield is competitive, it can attract income-focused investors, especially in a low-interest-rate environment. However, it's important to consider the payout ratio as well, which is the proportion of earnings paid out as dividends. A sustainable payout ratio typically suggests that the company can continue to pay dividends without compromising its growth prospects.

Market Research Analyst

From a market perspective, the declaration of a dividend by Graco Inc. should be contextualized within the industry and the current economic environment. The industrial sector, where Graco operates, may be influenced by factors such as raw material costs, international trade policies and industrial demand. A steady dividend could imply that Graco is navigating these factors effectively.

Further, market trends towards sustainable and environmentally friendly industrial solutions could impact Graco's market position and, consequently, its ability to maintain dividend payments. Understanding the company's strategy in innovation and market adaptation is essential to evaluate the long-term sustainability of its dividend policy. Additionally, the market's reaction to dividend announcements can vary; some investors might prioritize growth over income, potentially leading to a reallocation of investments depending on their individual strategies.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 25.5 cents ($0.255) per common share, payable on May 1, 2024, to shareholders of record at the close of business on April 15, 2024. The Company has approximately 168.4 million shares outstanding.

ABOUT GRACO
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, construction, and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240216997917/en/

Investors: David Lowe, 612-623-6456

Media: Meredith Sobieck, 763-353-1498

Meredith_A_Sobieck@graco.com

Source: Graco Inc.

What is the dividend amount announced by Graco Inc. (GGG)?

Graco Inc. (GGG) has declared a quarterly dividend of $0.255 per common share.

When will the dividend be payable to shareholders?

The dividend will be payable on May 1, 2024.

How many shares are outstanding for Graco Inc. (GGG)?

Graco Inc. (GGG) has approximately 168.4 million shares outstanding.

When is the record date for shareholders to receive the dividend?

Shareholders of record at the close of business on April 15, 2024, will receive the dividend.