Graco Authorizes Repurchase of Additional 18 Million Shares and Increases Quarterly Dividend 20.8
Percent
The Board of Directors of Graco Inc. (NYSE:GGG) today announced the following actions related to its common stock, of
which there are approximately 165.4 million shares outstanding:
- Authorization of a new plan to purchase up to 18 million shares of the Company’s outstanding common
stock over an indefinite period of time or until the authorization is terminated by the Board. These shares will be acquired
primarily through open-market purchases and accelerated share repurchase transactions from time to time. Shares purchased under
this authorization will be in addition to approximately 3.3 million shares remaining under another share repurchase authorization
that was announced in April of 2015.
- The declaration of a regular quarterly dividend of 16 cents ($0.16) per common share, an increase of
20.8 percent, payable on Feb. 6, 2019, to shareholders of record at the close of business on Jan. 22, 2019.
ABOUT GRACO
Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial
applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and
powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the
manufacturing, processing, construction and maintenance industries. For additional information about Graco Inc., please visit us at
www.graco.com or on Twitter @GracoInc.
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Investors: Mark Sheahan, 612-623-6656
Media: Charlotte Boyd, 612-623-6153
Charlotte_M_Boyd@graco.com
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