Graco Keeps Dividend Steady

Rich Duprey, The Motley Fool
Updated

Fluid management specialist Gracoannounced today its third-quarter dividend of $0.25 per share, the same rate it's paid for the past three quarters after raising the payout 11%, from $0.225 per share.

The board of directors said the quarterly dividend is payable on Nov. 6 to the holders of record at the close of business on Oct. 21. The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 1.4% based on the closing price today of Graco's stock.

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

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