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Dividend Coverage: This Industrial Equipment Wholesaler has Raised Dividend for 45 Consecutive Years; Will Trade Ex-Dividend on November 10, 2017

LONDON, UK / ACCESSWIRE / November 9, 2017 / Pro-Trader Daily takes a closer look at W.W. Grainger, Inc. (NYSE: GWW) as the Company's stock will begin trading ex-dividend on November 10, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on November 09, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Today, PRO-TD covers ex-dividend news on GWW. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=GWW

Dividend Declared

On October 25, 2017, W.W. Grainger's Board of Directors declared a cash dividend of $1.28 per share payable on December 01, 2017, to shareholders of record on November 13, 2017.

W.W. Grainger's indicated dividend represents a yield of 2.51%, which is substantially higher compared to the average dividend yield of 2.00% for the Services sector. The Company has raised dividend for forty-five consecutive years.

Dividend Insights

W.W. Grainger has a dividend payout ratio of 48.1%, which indicates that the Company distributes approximately $0.48 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, W.W. Grainger is estimated to report earnings of $11.05 for the next year, which is more than double the Company's annualized dividend of $5.12 per share.

W.W. Grainger's operating cash flow was $349 million in Q3 2017 versus $346 million in Q3 2016. In Q3 2017, W.W. Grainger returned $196 million to shareholders through dividends and share repurchases. As of September 30, 2017, the Company's cash and cash equivalents totaled $284.58 million compared to $274.15 million as on December 31, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for W.W. Grainger

On October 27, 2017, W.W. Grainger announced that it was awarded a follow-on Schedule 51V contract by the General Services Administration (GSA), which will enable Grainger to continue doing business with Federal government customers.

W.W. Grainger stated that the new contract will go into effect on November 10, 2017, with an initial five-year term and can be renewed for three additional five-year terms upon mutual agreement. W.W Grainger first entered its current Schedule 51V contract in 1999 and has realized more than $2 billion in sales under the contract. The new contract will run parallel to the Company's current Schedule 51V contract, which expires in February 2019.

About W.W. Grainger, Inc.

W.W. Grainger, with 2016 sales of $10.1 billion, is North America's leading broad line supplier of maintenance, repair, and operating (MRO) products. The Company also has operations in Europe, Asia and Latin America. W.W. Grainger was founded in 1927 and is based in Lake Forest, Illinois.

Stock Performance

On Wednesday, November 08, 2017, the stock closed the trading session at $208.13, climbing 1.44% from its previous closing price of $205.18. A total volume of 1.07 million shares have exchanged hands, which was higher than the 3-month average volume of 996.64 thousand shares. W.W. Grainger's stock price surged 19.68% in the last one month, 27.28% in the past three months, and 10.89% in the previous six months. The stock is trading at a PE ratio of 24.68 and has a dividend yield of 2.46%. The stock currently has a market cap of $11.80 billion.

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