W.W. Grainger, Inc. (NYSE:GWW) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. Stockholders of record on Monday, August 14th will be paid a dividend of 1.28 per share by the industrial products company on Friday, September 1st. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, August 10th.
W.W. Grainger has increased its dividend payment by an average of 10.4% annually over the last three years and has raised its dividend annually for the last 45 consecutive years. W.W. Grainger has a payout ratio of 49.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect W.W. Grainger to earn $10.88 per share next year, which means the company should continue to be able to cover its $5.12 annual dividend with an expected future payout ratio of 47.1%.
Shares of W.W. Grainger (NYSE:GWW) traded down 1.95% during mid-day trading on Friday, hitting $161.39. 1,000,302 shares of the stock were exchanged. W.W. Grainger has a 52 week low of $160.29 and a 52 week high of $262.71. The stock’s 50-day moving average is $169.86 and its 200-day moving average is $202.29. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 18.60 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business posted $2.89 earnings per share. W.W. Grainger’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that W.W. Grainger will post $10.38 earnings per share for the current fiscal year.
GWW has been the subject of several research analyst reports. TheStreet lowered shares of W.W. Grainger from a “b-” rating to a “c+” rating in a research report on Thursday, May 11th. BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BMO Capital Markets reiterated a “hold” rating and set a $198.00 target price on shares of W.W. Grainger in a research report on Thursday, May 25th. Stifel Nicolaus reiterated a “hold” rating and set a $180.00 target price (down from $204.00) on shares of W.W. Grainger in a research report on Friday, June 2nd. Finally, Credit Suisse Group upgraded shares of W.W. Grainger to a “hold” rating and set a $175.00 target price for the company in a research report on Wednesday, July 19th. Five research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $180.33.
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W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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