Graco's latest quarterly dividend was on Apr 12, 2024 (ex-date) with a payout of $0.255 per share. On an annualized basis, the company has a current payout of $0.98 per share. This brings the dividend yield to 1.11% based on its recent close price.
GGG has a dividend yield of 1.11% which is lower than the Industrials sector and its peers average. In comparison with the Industrials sector average of 1.43%, Graco's dividend yield is 22% lower. The current dividend yield is lower than the historical average of 1.2% of the last 5 years.
Graco has been paying dividends since 1992. GGG has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 10% since twelve months ago. But with the price of the stock up by 25% from a year ago, the dividend yield has a decrease of 12%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 12, 2024 | May 1, 2024 | Feb 16, 2024 | $0.255 | normal |
| Jan 19, 2024 | Feb 7, 2024 | Dec 1, 2023 | $0.255 | normal |
| Oct 13, 2023 | Nov 1, 2023 | Sep 15, 2023 | $0.235 | normal |
| Jul 14, 2023 | Aug 2, 2023 | Jun 16, 2023 | $0.235 | normal |
| Apr 14, 2023 | May 3, 2023 | Feb 17, 2023 | $0.235 | normal |
| Jan 17, 2023 | Feb 1, 2023 | Dec 2, 2022 | $0.235 | normal |
| Oct 14, 2022 | Nov 2, 2022 | Sep 23, 2022 | $0.21 | normal |
| Jul 15, 2022 | Aug 3, 2022 | Jun 17, 2022 | $0.21 | normal |
| Apr 14, 2022 | May 4, 2022 | Feb 18, 2022 | $0.21 | normal |
| Jan 14, 2022 | Feb 2, 2022 | Dec 3, 2021 | $0.21 | normal |
| Oct 15, 2021 | Nov 3, 2021 | Sep 17, 2021 | $0.188 | normal |
| Jul 16, 2021 | Aug 4, 2021 | Jun 11, 2021 | $0.188 | normal |
| Apr 16, 2021 | May 5, 2021 | Feb 12, 2021 | $0.188 | normal |
| Jan 15, 2021 | Feb 3, 2021 | Dec 4, 2020 | $0.188 | normal |
| Oct 16, 2020 | Nov 4, 2020 | Sep 18, 2020 | $0.175 | normal |
| Jul 17, 2020 | Aug 5, 2020 | Jun 11, 2020 | $0.175 | normal |
| Apr 17, 2020 | May 6, 2020 | Feb 14, 2020 | $0.175 | normal |
| Jan 17, 2020 | Feb 5, 2020 | Dec 6, 2019 | $0.175 | normal |
| Oct 18, 2019 | Nov 6, 2019 | Sep 20, 2019 | $0.16 | normal |
| Jul 19, 2019 | Aug 7, 2019 | Jun 14, 2019 | $0.16 | normal |
| Apr 12, 2019 | May 1, 2019 | Feb 15, 2019 | $0.16 | normal |
| Jan 18, 2019 | Feb 6, 2019 | Dec 7, 2018 | $0.16 | normal |
| Oct 19, 2018 | Nov 7, 2018 | Sep 21, 2018 | $0.133 | normal |
| Jul 12, 2018 | Aug 1, 2018 | Jun 15, 2018 | $0.133 | normal |
| Apr 13, 2018 | May 2, 2018 | Feb 16, 2018 | $0.133 | normal |
| Jan 19, 2018 | Feb 7, 2018 | Dec 8, 2017 | $0.133 | normal |
| Oct 13, 2017 | Nov 1, 2017 | Sep 22, 2017 | $0.12 | normal |
| Jul 13, 2017 | Aug 2, 2017 | Jun 16, 2017 | $0.12 | normal |
| Apr 12, 2017 | May 3, 2017 | Feb 17, 2017 | $0.12 | normal |
| Jan 12, 2017 | Feb 1, 2017 | Dec 9, 2016 | $0.12 | normal |
| Oct 13, 2016 | Nov 2, 2016 | Sep 16, 2016 | $0.11 | normal |
| Jul 14, 2016 | Aug 3, 2016 | Jun 17, 2016 | $0.11 | normal |
| Apr 14, 2016 | May 4, 2016 | $0.11 | normal | |
| Jan 14, 2016 | Feb 3, 2016 | $0.11 | normal |
GGG has a payout ratio of 32.6% which is higher than the Industrials sector and the industry average but lower than its peers average. If we compare it with the Industrials sector average of 30.1%, Graco's payout ratio is 8% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ITW Illinois Tool Works Inc | 2.2% | $5.51 | 56.4% |
| GRC Gorman Rupp Co | 1.97% | $0.71 | 53% |
| FLS Flowserve Corp | 1.77% | $0.81 | 57% |
| DOV DOVER Corp | 1.2% | $2.04 | 26.9% |
| GGG Graco Inc | 1.11% | $0.98 | 32.6% |
| XYL Xylem Inc | 1.06% | $1.35 | 48% |
| ITT ITT Inc | 0.95% | $1.19 | 23.8% |
Yes, Graco has paid four dividends in the last twelve months. GGG has been paying dividends since 1992.
GGG hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in July 2024.
Graco's last regular dividend was on Apr 12, 2024 (ex-date) with the amount of $0.255 per share.
On an annual basis GGG pays $0.98 per share.
Graco's current dividend yield is 1.11%.
Graco pays four dividends per year.
Graco's dividend payout ratio is 32.6%.
Graco's dividend yield is lower than the Industrials sector average.