The Board of Directors of Graco GGG today announced the following
actions related to its common stock, of which there are approximately 60.5
million shares outstanding:
* Authorization of a new plan for the Company to purchase up to 6 million
shares of its outstanding common stock through September 30, 2015. These
shares will be acquired primarily through open-market purchases and
accelerated share repurchase transactions from time to time. The Company
currently has approximately 3.9 million shares available under its current
repurchase authorization, which expires on September 30, 2012.
* The declaration of a regular quarterly dividend of 22-1/2 cents per common
share, payable on November 7, 2012, to shareholders of record at the close
of business on October 22, 2012.
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