GRAINGER INCREASES QUARTERLY DIVIDEND BY 10%
Rhea-AI Summary
Grainger has announced a 10% increase in its quarterly cash dividend to $2.26 per share, payable on June 1, 2025, to shareholders of record on May 12, 2025. This marks the company's potential 54th consecutive year of dividend increases, demonstrating its commitment to shareholder value.
Grainger, a leading broad line distributor operating in North America, Japan, and the United Kingdom, serves over 4.5 million customers worldwide. The company operates through two business models:
- High-Touch Solutions: Offers 2 million MRO products and services
- Endless Assortment: Features Zoro.com (14+ million products) and MonotaRO.com (24+ million products)
The company reported revenue of $17.2 billion in 2024, maintaining its position as a key player in the maintenance, repair, and operating products industry.
Positive
- 10% increase in quarterly dividend to $2.26 per share
- 54th consecutive year of dividend increases
- Strong 2024 revenue of $17.2B across two business segments
- Large customer base of 4.5M+ customers worldwide
- Extensive product offering with 2M MRO products in High-Touch segment
- Substantial digital inventory of 14M+ products on Zoro.com and 24M+ on MonotaRO.com
Negative
- None.
"2025 is on track to be our 54th consecutive year of increased dividends, upholding Grainger's long-standing commitment to our shareholders. This increase reinforces our ability to continue investing in the business while also returning excess cash to shareholders," said D.G. Macpherson, Grainger Chairman and CEO.
About Grainger
W.W. Grainger, Inc., is a leading broad line distributor with operations primarily in
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SOURCE W.W. Grainger, Inc.