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GRACO INCREASES QUARTERLY DIVIDEND TO 19 CENTS PER SHARE

 GRACO INCREASES QUARTERLY DIVIDEND TO 19 CENTS PER SHARE
 MINNEAPOLIS, June 25 /PRNewswire/ -- The board of directors of Graco


Inc. (NYSE: GGG) today increased the company's quarterly cash dividend to 19 cents per common share (76 cents per share annual rate) from the previous 17 cents per share (68 cents per share annual rate) effective with the third quarter dividend payable on Aug. 5, 1992 to shareholders of record at the close of business on July 15, 1992. The new 19 cents per share quarterly rate is an 11.8 percent increase in the cash dividend rate. The company has 7,554,300 common shares outstanding.
 The company's most recent previous cash dividend increase on its common stock was declared on Dec. 14, 1990, when the quarterly dividend was increased from 15 cents to 17 cents.
 Company Chairman David A. Koch said, "The increase in the cash dividend reflects the company's continuing policy to pay regular quarterly dividends, our increased liquidity position and improving earnings performance."
 Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial settings. It manufactures and markets systems and equipment to move, measure, control, dispense 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.
 -0- 6/25/92
 /CONTACT: Roger L. King, 612-623-6700, or David L. Schoeneck, 612-623-6679, both of Graco/
 (GGG) CO: Graco Inc. ST: Minnesota IN: SU: DIV


AL -- MN008 -- 3802 06/25/92 13:10 EDT
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Publication:PR Newswire
Date:Jun 25, 1992
Words:255
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