W.W. Grainger, Inc. Declares Quarterly Dividend of $1.28 (GWW)

W.W. Grainger, Inc. (NYSE:GWW) declared a quarterly dividend on Wednesday, July 26th, RTT News reports. Investors of record on Monday, August 14th will be given a dividend of 1.28 per share by the industrial products company on Friday, September 1st. This represents a $5.12 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, August 10th.

W.W. Grainger has raised its dividend payment by an average of 10.4% annually over the last three years and has increased its dividend annually for the last 45 consecutive years. W.W. Grainger has a payout ratio of 49.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect W.W. Grainger to earn $10.88 per share next year, which means the company should continue to be able to cover its $5.12 annual dividend with an expected future payout ratio of 47.1%.

W.W. Grainger (GWW) traded down 1.95% during mid-day trading on Friday, hitting $161.39. The stock had a trading volume of 1,000,302 shares. W.W. Grainger has a 52 week low of $160.29 and a 52 week high of $262.71. The firm has a market cap of $9.31 billion, a PE ratio of 18.60 and a beta of 0.74. The company’s 50 day moving average price is $169.86 and its 200 day moving average price is $202.29.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period last year, the firm earned $2.89 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts anticipate that W.W. Grainger will post $10.38 earnings per share for the current year.

Several research firms recently issued reports on GWW. Zacks Investment Research cut W.W. Grainger from a “hold” rating to a “strong sell” rating in a report on Friday, April 21st. William Blair cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Monday, April 24th. BidaskClub raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reduced their price target on shares of W.W. Grainger from $166.00 to $156.00 and set an “underperform” rating on the stock in a research report on Monday, May 15th. Finally, TheStreet lowered shares of W.W. Grainger from a “b-” rating to a “c+” rating in a research report on Thursday, May 11th. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. W.W. Grainger currently has a consensus rating of “Hold” and a consensus target price of $180.33.

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W.W. Grainger Company Profile

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

Dividend History for W.W. Grainger (NYSE:GWW)

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