Graco (GGG) will raise its quarterly dividend by 10.4 percent to $0.1325 per share in the first quarter of 2018. This new quarterly dividend is adjusted for the 3-for-1 split, to be distributed on December 27, 2017.

The increased dividend is payable on February 7, 2018, to shareholders of record at the close of business on January 22, 2018. The new dividend yield for GGG is 0.4%.

Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It 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.