Thu, Jul 24, 2014, 11:20 AM EDT - U.S. Markets close in 4 hrs 40 mins


% | $
Click the to save as a favorite.

Graco Inc. Message Board

  • underdog245 underdog245 Mar 22, 2011 10:40 PM Flag

    Board should declare special dividend of $3.00 - $5.00 per share

    Issuing the notes at 4.5% - 5.0% appears to be an intelligent decision by management. Although it has to be considered as a mechanism to deter a potential acquisition as well as a decision to take advantage of the attractive yields for issuers of credit. For a company that generates strong cash flow and has low capex requirements the best use of the cash would be to distribute the proceeds to shareholders as a special dividend. It is a real concern to existing shareholders if the company seeks an acquisition such as those pursued and completed in the lubrication division. These acquisitions were not management's best capital allocation decisions. Just as a reminder... Graco's share price on March 28, 2005: $40.25 and on March 22, 2011: $42.69. There have not been any stock splits during this period but on the positive side there has been an increasing dividend. Rewarding patient, long-term shareholders should be management's top priority.

76.99+1.91(+2.54%)11:19 AMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.