Graco Inc (GGG) will raise its quarterly dividend by 10.0 percent to $0.275 per share. This comes after the company announced a 11.1 percent dividend hike last year. This marks the 17th consecutive annual dividend increase for the flow control company.

Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. The company designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. Minneapolis-based Graco serves customers around the world in the manufacturing, processing, and construction and maintenance industries. Graco was originally founded by Russell and Leil Gray as Gray Company in 1926 and has paid a dividend every year since at least 1991.