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W.W. Grainger Boosts Quarterly Cash Dividend 21%

W.W. Grainger, Inc. (GWW: Quote) 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

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