Graco has decided not to veer from its existing dividend policy. The company has declared its latest quarterly common stock distribution, which is to be $0.25 per share paid on November 6 to shareholders of record as of October 21. That amount matches each of the firm's three preceding payouts, the most recent of which was dispensed at the beginning of August. Prior to that, Graco handed out slightly less, at $0.225 per share.
The firm has been a consistent dividend payer over the years. Since the beginning of 2009, its disbursement has climbed steadily from $0.19 to the present level.
The just-declared dividend annualizes to an even $1.00 per share. That yields 1.4% at Graco's most recent closing stock price of $73.46.
The article Graco Declares Fresh Dividend originally appeared on Fool.com.
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