Graco Inc. Declares Quarterly Dividend, Payable on February 2, 2022
December 03, 2021 at 11:40 am EST
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The Board of Directors of Graco Inc. has declared a regular quarterly dividend of 21 cents ($0.21) per common share, an increase of 12%, payable on February 2, 2022, to shareholders of record at the close of business on Jan. 18, 2022.
Graco Inc. is a manufacturing company. It supplies technology and expertise for the management of fluids and coatings in industrial and commercial applications. It operates through three segments: Contractor, Industrial and Process. Contractor segment offers sprayers that apply paint to walls and other structures, with product models for users ranging from do-it-yourself homeowners to professional contractors. It also manufactures two-component proportioning systems that are used to spray polyurethane foam (spray foam) and polyurea coatings. Industrial segment includes the Industrial and Powder divisions. The Industrial segment markets equipment and solutions for moving and applying paints, coatings, sealants, adhesives and other fluids. Process segment includes the Process and Lubrication divisions. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants and other fluids.