Monday, December 11, 2006

Graco Increases Dividend 13.8%

Graco (GGG), supplies technology and expertise for the management of fluids in industrial and commercial applications. Today the company announced it would increase its 1st quarter 2007 dividend by 13.8% YOY to 16.5 cents per quarter versus 14.5 cents per quarter in the same period last year. The 5-year average payout ratio is approximately 27.2% up from 19% in 2001. The stock has an S&P Earnings & Dividend Ranking of A and a yield of 1.6%.


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