Graco Keeps Dividend Steady at $0.25

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Industrial fluids manager Gracoannounced this morning its second quarter dividend of $0.25 per share, the same rate it's paid for the past two quarters, after raising the payout almost 14% from $0.225 per share.

The board of directors said the quarterly dividend is payable on August 7 to the holders of record at the close of business on July 22. Graco has made regular quarterly dividends since at least 1990.

The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 1.6% based on the closing price of Graco's stock on June 6.


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The article Graco Keeps Dividend Steady at $0.25 originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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