CHICAGO, April 26, 2017 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors voted to raise the quarterly cash dividend by 5 percent to $1.28 per share payable on June 1, 2017, to shareholders of record on May 8, 2017. Grainger has delivered 46 consecutive years of increased dividends.
"Consistently increasing the dividend demonstrates our commitment to shareholder value. At the same time, we will continue to manage the business to drive long-term results," said Grainger Chairman Jim Ryan.
W.W. Grainger, Inc., with 2016 sales of $10.1 billion, is North America's leading broad line supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America.
SOURCE W.W. Grainger, Inc.