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Dec. 3, 2021, 12:06 p.m. EST

Graco boosts dividend by 12%

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By Tomi Kilgore

Graco Inc. /zigman2/quotes/201124844/composite GGG +2.48% said Friday it is raising its quarterly divided by 12%, to 21 cents a share from 18.75 cents. Shareholders of record as of Jan. 18 will be paid the dividend on on Feb. 2. The fluids and coatings management company's stock fell 1.6% in midday trading. At current prices, the new annual dividend rate implies a dividend yield of 1.13%, which compares with the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.28% of 1.37%. The stock has gained 2.6% year to date, while the S&P 500 has slipped 0.6%.

/zigman2/quotes/201124844/composite
US : U.S.: NYSE
$ 73.17
+1.77 +2.48%
Volume: 739,534
Jan. 24, 2022 4:00p
P/E Ratio
29.33
Dividend Yield
1.15%
Market Cap
$12.14 billion
Rev. per Employee
$518,467
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/zigman2/quotes/210599714/realtime
US : S&P US
4,410.13
+12.19 +0.28%
Volume: 3.89B
Jan. 24, 2022 5:04p
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