5 Stocks with Latest Dividend Increases

This article presents an overview of 5 Stocks with Latest Dividend Increases. For a detailed overview of such stocks read our article, 10 Stocks with Latest Dividend Increases.

5. WW Grainger Inc (NYSE:GWW)

Number of Hedge Fund Investors: 35

WW Grainger Inc (NYSE:GWW) is a dividend king, with over 50 years of consistent dividend increases. Recently, WW Grainger Inc (NYSE:GWW) announced another dividend hike, marking the 53^rd year of consecutive dividend hikes. The maker of industrial tools and equipment hiked its dividend by 10% to $2.05 per share.

Of the 933 hedge funds in Insider Monkey’s database, 35 hedge funds had stakes in WW Grainger Inc (NYSE:GWW).

ClearBridge Aggressive Growth Strategy stated the following regarding W.W. Grainger, Inc. (NYSE:GWW) in its fourth quarter 2023 investor letter:

“We purchased W.W. Grainger, Inc. (NYSE:GWW), the largest industrial MRO (“maintenance, repair, and operations”) distributor in North America. Like Cintas, Grainger is a share gainer in a large and fragmented market, with less than 10% share of the addressable market for their direct, “high touch solutions” business estimated at more than $165 billion. The company has also barely scratched the surface with its online “endless assortment” platform, Zoro.com, which targets an even larger market. In addition to its growth and profit potential, we are attracted to Grainger’s strong balance sheet and improved capital allocation under its current management.”