CHICAGO, April 27, 2016 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors voted to raise the quarterly cash dividend by 4.3 percent to $1.22 per share payable on June 1, 2016, to shareholders of record on May 9, 2016. Grainger has delivered 45 consecutive years of increased dividends.
"Consistently increasing the dividend demonstrates our commitment to shareholder value. At the same time, we will continue to invest in the business to drive long term results," said Grainger Chairman, President and Chief Executive Officer Jim Ryan.
W.W. Grainger, Inc., with 2015 sales of $10 billion, is North America's leading broad line supplier of maintenance, repair and operating products, with operations also in Europe, Asia and Latin America.
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SOURCE W.W. Grainger, Inc.