logo
Share SHARE
FONT-SIZE Plus   Neg

W.W. Grainger Boosts Quarterly Cash Dividend 21%

W.W. Grainger, Inc. (GWW) said Wednesday that its board of directors voted to raise the quarterly cash dividend by 21% to $0.80 per share payable on June 1 to shareholders of record on May 14.

Grainger has provided 41 consecutive years of increased dividends, a record that only 3 percent of companies in the S&P 500 can claim.

Separately, the company said that its shareholders re-elected 12 directors at the company's annual meeting.

Shareholders also ratified the appointment of Ernst & Young LLP as independent auditor for the year 2012.

Relative to Say on Pay, shareholders voted in favor of the advisory resolution on executive compensation.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT