Graco Inc. (NYSE:GGG) will begin trading ex-dividend on October 16, 2020. The quarterly dividend payment of $ 0.175 per share is scheduled to be paid on November 4, 2020. The dividend yield based on the latest trading day closing price was 1.06 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Graco Inc. recently reported second quarter financial results on July 22, 2020, after market close, the Minneapolis based company unveiled income for the second quarter of $ 0.37 per share, from the revenue of $ 366.89 million. The quarterly earnings shrunk 26.00 percent while revenues lowered 17.53 percent compared with the same quarter last year.
Wall street analysts are predicting, GGG to report 2Q20 income of $ 0.26 per share from revenue of $ 325.04 million. The bottom line results beat street analysts by $ 0.11 or 42.31 percent, at the same time, top line results outshined analysts by $ 41.85 million or 12.88 percent.
Stock Performance
Shares of Graco Inc. traded up $ 0.91 or 1.40 percent on Wednesday, reaching $ 65.73 with volume of 475.10 thousand shares. Graco Inc. has traded high as $ 65.94 and has cracked $ 64.78 on the downward trend
According to the previous trading day, closing price of $ 65.73, representing a 68.67 % increase from the 52 week low of $ 38.43 and a 1.7 % decrease over the 52 week high of $ 65.94.
The company has a market capital of $ 10.96 billion and is part of the Industrials sector and Diversified Industrials industry.
Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The companys Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.
