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Grainger Increases Quarterly Dividend By 10% From $1.86 To $2.05 Per Share; Refreshes Share Repurchase Authorization Of Up To 5M Shares Of The Co’s Outstanding Common Stock, Replacing The Company’s Existing Repurchase Authorization

W.W. Grainger, Inc. (NYSE:GWW) announced today that its board of directors approved a quarterly cash dividend of $2.05 per share, an increase of 10% from the most recent company dividend. The dividend is payable on June

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Industrial Supply Company W.W. Grainger Shares Are Higher After Reporting Q4 Earnings

W.W. Grainger's Q4 FY23 results beat expectations, reporting sales of $3.997 billion, a 5.1% YoY increase. Despite a slight miss on consensus, the company's adjusted EPS of $8.33 exceeded expectations. Grainger's upbeat performance, with an 11.5% YoY rise in adjusted operating profit, sets the stage for robust FY24 growth, projecting net sales between $17.2 billion and $17.7 billion, boosting GWW shares by 4.08% to $960.26.

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