GRACO INCREASES QUARTERLY DIVIDEND BY 17 PERCENT.MINNEAPOLIS--(BUSINESS WIRE)--Dec. 17, 1996--The Board of Directors of Graco Inc. (NYSE NYSE See: New York Stock Exchange : GGG GGG German Goo Girls (pornography website) GGG Giggle (email, USENET, chat slang) GGG Gadolinium Gallium Garnet GGG Gimme Gimme Gimme (TV show) ) has declared a regular quarterly dividend of 14 cents per common share payable on February February: see month. 5, 1997 to shareholders of record at the close of business on January 1, 1997. This dividend represents a 17 percent increase in the Company's regular quarterly dividend, from 12 cents to 14 cents per common share. The Company has approximately 17 million shares outstanding. Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense dispense /dis·pense/ (-pens´) to prepare medicines for and distribute them to their users. dis·pense v. To prepare and give out medicines. and apply fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. CONTACT: Graco Inc. David M. Lowe, 612/623-6789 |
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