Grainger raises dividend for 47th consecutive year
The next dividend is payable on June 1, 2018, to shareholders of record on May 14, 2018. The new dividend yield for Grainger is 1.9%. The company has delivered 47 consecutive years of increased dividends.
"Our consistent history of increasing the dividend illustrates our confidence in our strategy and our focus on managing the business for the long term while creating value for our shareholders," said Grainger Chairman and CEO DG Macpherson.
Last year Grainger hiked its dividend for the 46th consecutive year.
W.W. Grainger, Inc., with 2017 sales of $10.4 billion, is North America's leading broad line supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America.
