W.W. Grainger (GWW) Declares $1.86 Dividend
W.W. Grainger said on October 25, 2023 that its board of directors declared a regular quarterly dividend of $1.86 per share ($7.44 annualized). Previously, the company paid $1.86 per share.
Shares must be purchased before the ex-div date of November 10, 2023 to qualify for the dividend. Shareholders of record as of November 13, 2023 will receive the payment on December 1, 2023.
At the current share price of $706.76 / share, the stock's dividend yield is 1.05%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.56%, the lowest has been 0.93%, and the highest has been 2.75%. The standard deviation of yields is 0.36 (n=235).
The current dividend yield is 1.41 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.22%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1775 funds or institutions reporting positions in W.W. Grainger. This is an increase of 13 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to GWW is 0.32%, an increase of 0.19%. Total shares owned by institutions decreased in the last three months by 2.82% to 39,630K shares. 
The put/call ratio of GWW is 0.51, indicating a bullish outlook.
Analyst Price Forecast Suggests 10.29% Upside
As of October 5, 2023, the average one-year price target for W.W. Grainger is 779.48. The forecasts range from a low of 624.18 to a high of $924.00. The average price target represents an increase of 10.29% from its latest reported closing price of 706.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for W.W. Grainger is 16,038MM, a decrease of 1.50%. The projected annual non-GAAP EPS is 31.06.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,410K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 1,398K shares, representing an increase of 0.82%. The firm increased its portfolio allocation in GWW by 6.50% over the last quarter.
Clearbridge Investments holds 1,185K shares representing 2.37% ownership of the company. In it's prior filing, the firm reported owning 1,261K shares, representing a decrease of 6.40%. The firm increased its portfolio allocation in GWW by 1.62% over the last quarter.
Wells Fargo holds 1,074K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 1,068K shares, representing an increase of 0.53%. The firm increased its portfolio allocation in GWW by 229.04% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 1,063K shares representing 2.13% ownership of the company. In it's prior filing, the firm reported owning 1,049K shares, representing an increase of 1.28%. The firm increased its portfolio allocation in GWW by 5.04% over the last quarter.
Geode Capital Management holds 1,054K shares representing 2.11% ownership of the company. In it's prior filing, the firm reported owning 1,027K shares, representing an increase of 2.58%. The firm increased its portfolio allocation in GWW by 6.32% over the last quarter.
W.W. Grainger Background Information
(This description is provided by the company.)
W.W. Grainger, Inc., with 2020 sales of $11.8 billion, is North America's leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America, Japan and Europe.
Additional reading:
- Press release announcing financial results for the
- TRANSITION AGREEMENT AND GENERAL RELEASE
- Credit Agreement, dated as of October 11, 2023, by and among W.W. Grainger, Inc., the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.
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