W.W. Grainger, Inc. to Issue Quarterly Dividend of $2.26 (NYSE:GWW)

Key Points

• W.W. Grainger, Inc. declared a quarterly dividend of $2.26 per share, to be paid on September 1st to stockholders of record as of August 11th, representing an annualized dividend of $9.04 and a yield of 0.87%.
• The company reported $9.86 earnings per share for the most recent quarter, exceeding estimates by $0.35, while experiencing a revenue growth of 1.7% year over year.
• W.W. Grainger's stock has seen a trading range between a 52-week low of $893.99 and a high of $1,227.66, with a recent trading price of $1,044.98.

W.W. Grainger, Inc. (NYSE:GWW - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Monday, August 11th will be given a dividend of 2.26 per share by the industrial products company on Monday, September 1st. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 11th.

W.W. Grainger has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect W.W. Grainger to earn $44.80 per share next year, which means the company should continue to be able to cover its $9.04 annual dividend with an expected future payout ratio of 20.2%.

W.W. Grainger Stock Performance

NYSE GWW traded down $94.92 on Friday, hitting $944.62. The stock had a trading volume of 634,679 shares, compared to its average volume of 282,319. W.W. Grainger has a one year low of $893.99 and a one year high of $1,227.66. The company has a quick ratio of 1.60, a current ratio of 2.74 and a debt-to-equity ratio of 0.59. The stock has a market cap of $45.38 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 2.73 and a beta of 1.18. The company's 50-day moving average is $1,054.22 and its two-hundred day moving average is $1,035.63.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing the consensus estimate of $10.00 by ($0.03). W.W. Grainger had a return on equity of 51.28% and a net margin of 11.08%. During the same quarter in the prior year, the firm posted $9.76 earnings per share. The company's quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect that W.W. Grainger will post 40.3 earnings per share for the current year.

About W.W. Grainger

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.