Graco board raises quarterly dividend by 7.1% to 18.75 cents a share

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Graco Inc. said Friday its board has approved a 7.1% hike in its quarterly dividend to 18.75 cents a share. The maker of equipment used to move and spray fluid and powder materials said the new dividend will be payable Feb. 3 to shareholders of record as of Jan. 19. Shares were up 0.8% and have gained 28% in the year to date, while the S&P 500 has gained 13%.
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