CHICAGO, April 25, 2018 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors voted to raise the quarterly cash dividend by 6.3 percent to $1.36 per share payable on June 1, 2018, to shareholders of record on May 14, 2018. Grainger has delivered 47 consecutive years of increased dividends.
"Our consistent history of increasing the dividend illustrates our confidence in our strategy and our focus on managing the business for the long term while creating value for our shareholders," said Grainger Chairman and CEO DG Macpherson.
W.W. Grainger, Inc., with 2017 sales of $10.4 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.
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SOURCE W.W. Grainger, Inc.
Media: Joseph Micucci, Senior Director, External Affairs, O: 847-535-0879, M: 847-830-5328; Grainger Media Relations Hotline, 847-535-5678; Investors: Laura Brown, SVP, Communications & Investor Relations, O: 847-535-0409, M: 847-804-1383; Irene Holman, Senior Director, Investor Relations, O: 847-535-0809, M: 847-217-8679; Michael Ferreter, Senior Manager, Investor Relations, O: 847-535-1439, M: 847-271-6357