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