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
A group of consumers in New York and California have filed a lawsuit against Quaker Oats' owner PepsiCo Inc. alleging that the company has falsely advertised the oatmeal brand as "100 percent natural" despite having traces of glyphosate found in it. Lawsuit claims that glyphosate, a herbicide declared... Wal-Mart Stores Inc. (WMT) is bringing back its door-greeter program by mid-summer and station staffs at store entrances and exits as the retail giant looks to curb shoplifting. Previously, the retailer had reassigned employees serving as greeters to guide customers to checkouts and help them find... KFC has brought its "Finger Lickin' Good" tag line to life by creating KFC-flavored nail polishes. KFC Hong Kong has partnered with advertising agency Ogilvy & Mather to make "Original" and "Hot & Spicy" edible nail polishes. The flavors contain natural ingredients and are based on KFC's two popular...
comments powered by Disqus
Follow RTT