Grainger Increases Quarterly Dividend By 16 Percent
Represents 42nd Consecutive Annual Increase
CHICAGO, April 24, 2013
CHICAGO, April 24, 2013 /PRNewswire/ --W.W. Grainger, Inc. (NYSE: GWW)
announced today that its board of directors voted to raise the quarterly cash
dividend by16 percent to93 cents per share payable on June 1, 2013, to
shareholders of record on May 13, 2013. Grainger has provided 42 consecutive
years of increased dividends, a record that only 3 percent of companies in the
S&P500 can claim.
"We have a strong record of providing solid returns to shareholders," said
Grainger Chairman, President and Chief Executive Officer Jim Ryan. "The
Board's commitment to increasing our dividend is reflective of their
confidence in Grainger's future performance."
W.W. Grainger, Inc. with 2012 sales of $9 billion is North America's leading
broad line supplier of maintenance, repair and operating products, with
expanding global operations. For more information about the company, visit
This document contains forward-looking statements under the federal securities
law. Forward-looking statements relate to the company's expected future
financial results and business plans, strategies and objectives and are not
historical facts. They are generally identified by qualifiers such as
"intention" or similar expressions. There are risks and uncertainties, the
outcome of which could cause the company's results to differ materially from
what is projected. The forward-looking statements should be read in
conjunction with the company's most recent annual report, as well as the
company's Form 10-K, Form 10-Q and other reports filed with the Securities &
Exchange Commission, containing a discussion of the company's business and
various factors that may affect it.
SOURCE W.W. Grainger, Inc.
Contact: Media, Joseph Micucci, Director, Media Relations, O: 847-535-0879, M:
847-830-5328, Grainger Media Relations Hotline, 847-535-5678, or Investors,
Laura Brown, SVP, Communications & Investor Relations, O: 847-535-0409, M:
847-804-1383, or William Chapman, Sr. Director, Investor Relations, O:
847-535-0881, M: 847-456-8647
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