Graco Authorizes Repurchase of Additional 18 Million Shares and Increases Quarterly Dividend 20.8 Percent

MINNEAPOLIS–(BUSINESS WIRE)–The Board of Directors of Graco Inc. (NYSE:GGG) today announced
the following actions related to its common stock, of which there are
approximately 165.4 million shares outstanding:

  • Authorization of a new plan to purchase up to 18 million shares of the
    Company’s outstanding common stock over an indefinite period of time
    or until the authorization is terminated by the Board. These shares
    will be acquired primarily through open-market purchases and
    accelerated share repurchase transactions from time to time. Shares
    purchased under this authorization will be in addition to
    approximately 3.3 million shares remaining under another share
    repurchase authorization that was announced in April of 2015.
  • The declaration of a regular quarterly dividend of 16 cents ($0.16)
    per common share, an increase of 20.8 percent, payable on Feb. 6,
    2019, to shareholders of record at the close of business on Jan. 22,
    2019.

ABOUT GRACO
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. A recognized leader in its specialties, Minneapolis-based
Graco serves customers around the world in the manufacturing,
processing, construction and maintenance industries. For additional
information about Graco Inc., please visit us at www.graco.com
or on Twitter @GracoInc.

Contacts

Investors: Mark Sheahan, 612-623-6656
Media: Charlotte Boyd,
612-623-6153
Charlotte_M_Boyd@graco.com

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