Graco Inc. (NYSE:GGG) will begin trading ex-dividend on July 17, 2020. The quarterly dividend payment of $ 0.175 per share is scheduled to be paid on August 5, 2020. Shareholders who purchased GGG prior to the ex-dividend date are eligible for the cash dividend payment.
Recent Earnings Announcement
Graco Inc. came out with income for the first quarter of $ 0.38 per share, from the revenue of $ 373.57 million. The quarterly earnings lowered 19.15 percent while revenues reduced 7.73 percent compared with the same quarter last year.
Street analysts expected Graco Inc. to report income of $ 0.44 per share on revenue of $ 391.35 million for the first quarter. The bottom line results missed street analysts by $ 0.06 or 13.64 percent, at the same time, top line results fell short of analysts by $ 17.78 million or 4.54 percent.
Stock Performance
According to the previous trading day, closing price of GGG was $ 52.35, representing a 36.22 % increase from the 52 week low of $ 38.43 and a 8.14 % decrease over the 52 week high of $ 56.99.
The company has a market capital of $ 8.72 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.
