Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

W.W. Grainger Boosts Quarterly Cash Dividend 21%

RELATED NEWS
Trade GWW now with 

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.

Click here to receive FREE breaking news email alerts for Grainger (W.W.) Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
South African blade-runner Oscar Pistorius has been sentenced to five years in prison over the killing of his girlfriend and model Reeva Steenkamp. Judge Thokozile Masipa, who found Pistorius guilty of culpable homicide last month, delivered the verdict at the High Court in Pretoria Tuesday. Separately, the 27-year-old Paralympian has also been handed a three-year suspended sentence for a firear The Chinese economy logged its weakest expansion since early 2009 in the third quarter as slowdown in investment, particularly in the property sector, continued to drag the recovery. Gross domestic product grew 7.3 percent in the third quarter from a year ago, slower than the 7.5 percent expansion seen a quarter ago, the National Bureau of Statistics reported Tuesday. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.