Grainger board increases quarterly dividend 8% to $1.86 per share

W.W. Grainger, Inc. annnounced that its board of directors approved a quarterly cash dividend of $1.86 per share, an increase of 8% from the most recent company dividend. The dividend is payable on June 1, 2023, to shareholders of record on May 8, 2023. "We are pleased today to continue our longstanding commitment to our shareholders through our dividend program. This year marks the 52nd consecutive year of annual dividend increases and reinforces our ability to return value to our shareholders, while also strategically investing in the business," said D.G. Macpherson, Grainger Chairman and CEO.