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W.W. GRAINGER, INC. DECLARES QUARTERLY DIVIDEND; NEW SHARE REPURCHASE PROGRAM AUTHORIZED

 W.W. GRAINGER, INC. DECLARES QUARTERLY DIVIDEND;
 NEW SHARE REPURCHASE PROGRAM AUTHORIZED
 CHICAGO, Oct. 28 /PRNewswire/ -- The directors of W.W. Grainger, Inc. (NYSE: GWW) today declared a cash dividend of 16-1/2 cents per share, payable on Dec. 1. 1992, to shareholders of record on Nov. 9, 1992.
 At the same meeting, directors authorized the company to repurchase up to 5 million shares of its outstanding common stock. The company has substantially completed the repurchase of 6 million shares under a previous authorization. The new authorization would be adjusted to reflect any future stock splits or stock dividends. Repurchases are expected to be made from time to time in open market and privately negotiated transactions. The company has 52.6 million shares of common stock outstanding.
 W.W. Grainger, Inc., with 1991 sales exceeding $2 billion, is a nationwide distributor of equipment, components, and supplies to the commercial, industrial, contractor, and institutional markets. GWW shares are traded on the New York and Midwest stock exchanges.
 -0- 10/28/92
 /CONTACT: R.D. Pappano of W.W. Grainger, Inc., 708-982-9000/
 (GWW) CO: W.W. Grainger, Inc. ST: Illinois IN: SU: DIV


CK-AH -- NY031 -- 5988 10/28/92 12:21 EST
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Publication:PR Newswire
Date:Oct 28, 1992
Words:200
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