10:58 AM EDT, 04/24/2024 (MT Newswires) -- W.W. Grainger ( GWW ) said Wednesday its board has increased its quarterly cash dividend by 10% to $2.05 per share. The dividend is payable June 1 to shareholders of record as on May 13.

The company's board also approved the repurchase of up to 5 million shares of common stock, replacing the existing repurchase authorization. The buyback program does not have an expiration date, the company said.

W.W. Grainger ( GWW ) shares were up 0.4% in recent trading.

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