W.W. Grainger, Inc. (GWW) to Issue Quarterly Dividend of $2.49 on December 1st

W.W. Grainger, Inc. (NYSE:GWW) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 9th will be given a dividend of $2.49 per share by the industrial products company on Tuesday, December 1st. This represents a $9.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 9th.

W.W. Grainger has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 55 years. W.W. Grainger has a dividend payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Analysts expect W.W. Grainger to earn $51.87 per share next year, which means the company should continue to be able to cover its $9.96 annual dividend with an expected future payout ratio of 19.2%.

W.W. Grainger Stock Performance

Shares of NYSE GWW opened at $1,440.41 on Friday. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53. W.W. Grainger has a 1-year low of $906.52 and a 1-year high of $1,521.41. The stock’s 50-day moving average is $1,311.98 and its 200 day moving average is $1,245.10. The stock has a market cap of $67.84 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 2.44 and a beta of 0.95.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $12.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.68 by $0.86. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.08 billion. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $10.21 earnings per share. On average, sell-side analysts anticipate that W.W. Grainger will post 47.12 EPS for the current fiscal year.

About W.W. Grainger

W.W. Grainger, founded in Chicago in 1927, is a distributor of maintenance, repair and operating supplies. The company provides products such as safety equipment, tools, fasteners, electrical and plumbing supplies, material-handling equipment, and cleaning products.

Grainger serves businesses, government agencies and other organizations through sales representatives, distribution centers, catalogs and digital platforms. Its operations include a high-touch distribution business in North America and online businesses serving customers in markets including the United States and Japan.

The company also offers services such as product sourcing, inventory management and technical support to help customers maintain and operate their facilities.