Graco Inc. (GGG) announced that its board has authorized the company to purchase up to an additional 6 million shares of its outstanding common stock from now through September 30, 2012. These shares will be acquired primarily through open-market purchases and accelerated share repurchase transactions from time to time. The company currently has about 3 million shares available under its current repurchase authorization, which expires on September 30, 2009.
The company announced the declaration of a regular quarterly dividend of $0.19 per common share payable on November 4, 2009, to shareholders of record at the close of business on October 19, 2009.
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