OLI recorded this information on 9/14/2012
Share Amount Authorized:
The Board of Directors of Graco Inc. (NYSE:GGG) today announced the following actions related to its common stock, of which there are approximately 60.5 million shares outstanding: Authorization of a new plan for the Company to purchase up to 6 million shares of its outstanding common stock through September 30, 2015. These shares will be acquired primarily through open-market purchases and accelerated share repurchase transactions from time to time. The Company currently has approximately 3.9 million shares available under its current repurchase authorization, which expires on September 30, 2012. The declaration of a regular quarterly dividend of 22-1/2 cents per common share, payable on November 7, 2012, to shareholders of record at the close of business on October 22, 2012.
Graco is a manufacturing company. Co. designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. Co. classifies its business into three segments: Industrial, which includes its Industrial Products and Applied Fluid Technologies divisions and markets equipment and solutions for moving and applying paints, coatings, sealants, adhesives and other fluids; Process, which includes its Process, Oil and Natural Gas, and Lubrication divisions and markets pumps, valves, meters and accessories; and Contractor, which markets sprayers for architectural coatings for painting, corrosion control, texture and line striping.
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Hold (2.00 out of 4)
(ranked lower than approx. 97% of all stocks covered)
Based on Zacks ABR data;
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