Graco Increases Quarterly Dividend From $0.235 To $0.255 Per Share
Portfolio Pulse from Benzinga Newsdesk
Graco Inc. (NYSE:GGG) has announced an 8.5% increase in its quarterly dividend, raising it from $0.235 to $0.255 per share. The new dividend is payable on February 7, 2024, to shareholders of record as of January 22, 2024. Graco has around 167.8 million shares outstanding.
December 01, 2023 | 4:26 pm
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Graco Inc. has raised its quarterly dividend by 8.5%, indicating a strong financial position and commitment to returning value to shareholders. This may attract income-focused investors.
Dividend increases are typically viewed positively by the market as they suggest confidence in the company's financial stability and profitability. This increase in Graco's dividend may lead to a short-term positive impact on the stock price as it could attract dividend investors and signal a positive outlook from the company's management.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100