CHICAGO, April 29 /PRNewswire/ -- The directors of W.W. Grainger, Inc.
(NYSE: GWW; CHX) at their meeting today declared a 2-for-1 stock split to
shareholders of record on May 11, 1998. Certificates for the additional
shares are expected to be distributed on or about June 12, 1998.
At the same meeting, the directors also voted a cash dividend of 30 cents
per share on the pre-split shares, payable June 1, 1998, to shareholders of
record May 11, 1998. This represents an increase of 11.1% from the prior
quarterly rate of 27 cents per share.
W.W. Grainger, Inc. (GWW), with 1997 sales of $4.1 billion, is the leading
distributor of maintenance, repair, and operating (MRO) supplies and related
information to the commercial, industrial, contractor, and institutional
markets in North America. GWW shares are traded on the New York and Chicago
stock exchanges.
SOURCE W.W. Grainger, Inc.
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CONTACT:
G.J. Sinclair, Investor Relations Coordinator
of W.W. Grainger, Inc., 847-793-6444
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