W.W. Grainger hikes dividend by 5.9%

W.W. Grainger (GWW) will raise its quarterly dividend by 5.9 percent to $1.62 per share in 2021. This comes after a dividend hike of 6.3 percent to $1.53 per share in 2020 and will mark the 50th consecutive year of dividend increases by Dividend Aristocrat GWW.

The next dividend The dividend is payable on June 1, 2021, to shareholders of record on May 10, 2021. A new annualized dividend of $6.48 per share yields 1.4% at a stock price of $461.

W.W. Grainger, Inc., incorporated in the State of Illinois in 1928, is a broad line, business-to-business distributor of maintenance, repair and operating (MRO) products and services. The company operates through two segments, which include the United States and Canada. W.W. Grainger, Inc.'s operations are primarily in North America, Europe and Japan. William W. Grainger founded the company in 1927 as a wholesale electric motor sales and distibution business in Chicago. The following year, the business was incorporated in Illinois as W.W. Grainger, Inc. and in 1967 Grainger became a public company. W.W. Grainger is a member of the S&P500 Dividend Aristocrats Index by Standard & Poor's.