W.W. Grainger, Inc.
GWW40 yrs growthIndustrials · Industrial Distribution · Stock · quarterly payer
Forward Yield
0.74%
Annual Dividend
$9.96
Payout Ratio
24%
5-Yr Growth
8.3%
Ex-Date
Aug 10, 2026
Frequency
Quarterly
Key facts about GWW's dividend
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, W.W. Grainger, Inc. (GWW) has a forward dividend yield of 0.74%, based on an annual dividend of $9.96 per share and a share price of $1,349.90.
- As of Oct 24, 2026, GWW's dividend safety grade from SmarterDividends is A (97 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, W.W. Grainger, Inc. (GWW) has raised its dividend for 40 consecutive years as of Oct 24, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- GWW has never cut its regular dividend in the payment history SmarterDividends has on record.
- GWW's most recent ex-dividend date was Aug 10, 2026, for a dividend of $2.49 per share.
- As of Oct 24, 2026, GWW pays out 24% of its trailing 12-month earnings as dividends (its payout ratio).
- GWW's dividend has grown at an average rate of 8.3% a year over the past five years.
- As of Oct 24, 2026, GWW's 0.74% yield is 32% below its five-year average yield of 1.09%.
- As of Oct 24, 2026, SmarterDividends' blended fair-value estimate for GWW is $789.13 per share, 42% below the $1,349.90 share price, so GWW screens as overvalued.
- W.W. Grainger, Inc. (GWW) pays its dividend quarterly, 4 times a year.
- W.W. Grainger, Inc. (GWW) has raised its regular dividend 42 times and cut it 0 times across the 167 payments on record since 1985. Its most recent change was a 10.2% increase to $2.49 per share, going ex-dividend on May 11, 2026.
- W.W. Grainger (GWW) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 10.2%, was declared on Apr 29, 2026.
Cite this page
SmarterDividends, "GWW Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 24, 2026, https://smarterdividends.com/stocks/GWW
Summary
As of Oct 24, 2026, W.W. Grainger, Inc. (GWW) yields 0.74% ($9.96 a year per share), has a dividend safety grade of A (97/100) and has 40 consecutive years of dividend increases on record.
Is GWW a good dividend stock?
YesW.W. Grainger, Inc. (GWW) pays a quarterly dividend yielding 0.74% ($9.96/yr), with 40 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 40 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (24%)
- Strong 8.3% 5-yr dividend growth
- 180% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.74%
- Payout Ratio
- 24%
- Annual Dividend
- $9.96
- 5-Yr Avg Growth
- 8.3%
- Ex-Dividend Date
- Aug 10, 2026
- Years of Growth
- 40
- Frequency
- quarterly
- Beta
- 1.01
- Market Cap
- $63.7B
- P/E Ratio
- 34.7
- 5-Yr Total Return
- 180%
- 52-Week Range
- $906.52 – $1,419.91
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
GWW dividend raises and cuts
W.W. Grainger, Inc. (GWW) has raised its regular dividend 42 times and cut it 0 times across the 167 payments on record since 1985. Its most recent change was a 10.2% increase to $2.49 per share, going ex-dividend on May 11, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 11, 2026 | Raise | $2.26 → $2.49 | +10.2% |
| May 12, 2025 | Raise | $2.05 → $2.26 | +10.2% |
| May 10, 2024 | Raise | $1.86 → $2.05 | +10.2% |
| May 5, 2023 | Raise | $1.72 → $1.86 | +8.1% |
| May 6, 2022 | Raise | $1.62 → $1.72 | +6.2% |
| May 7, 2021 | Raise | $1.53 → $1.62 | +5.9% |
| Aug 7, 2020 | Raise | $1.44 → $1.53 | +6.3% |
| May 10, 2019 | Raise | $1.36 → $1.44 | +5.9% |
| May 11, 2018 | Raise | $1.28 → $1.36 | +6.3% |
| May 4, 2017 | Raise | $1.22 → $1.28 | +4.9% |
| May 5, 2016 | Raise | $1.17 → $1.22 | +4.3% |
| May 7, 2015 | Raise | $1.08 → $1.17 | +8.3% |
Show all 42 changes since 1985
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 8, 2014 | Raise | $0.930 → $1.08 | +16.1% |
| May 9, 2013 | Raise | $0.800 → $0.930 | +16.3% |
| May 10, 2012 | Raise | $0.660 → $0.800 | +21.2% |
| May 5, 2011 | Raise | $0.540 → $0.660 | +22.2% |
| May 6, 2010 | Raise | $0.460 → $0.540 | +17.4% |
| May 7, 2009 | Raise | $0.400 → $0.460 | +15.0% |
| May 8, 2008 | Raise | $0.350 → $0.400 | +14.3% |
| May 10, 2007 | Raise | $0.290 → $0.350 | +20.7% |
| May 4, 2006 | Raise | $0.240 → $0.290 | +20.8% |
| May 5, 2005 | Raise | $0.200 → $0.240 | +20.0% |
| May 6, 2004 | Raise | $0.185 → $0.200 | +8.1% |
| May 8, 2003 | Raise | $0.180 → $0.185 | +2.8% |
| May 2, 2002 | Raise | $0.175 → $0.180 | +2.9% |
| May 3, 2001 | Raise | $0.170 → $0.175 | +2.9% |
| May 4, 2000 | Raise | $0.160 → $0.170 | +6.3% |
| May 6, 1999 | Raise | $0.150 → $0.160 | +6.7% |
| May 7, 1998 | Raise | $0.135 → $0.150 | +11.1% |
| May 8, 1997 | Raise | $0.125 → $0.135 | +8.0% |
| May 2, 1996 | Raise | $0.115 → $0.125 | +8.7% |
| May 2, 1995 | Raise | $0.100 → $0.115 | +15.0% |
| May 3, 1994 | Raise | $0.0900 → $0.100 | +11.1% |
| May 4, 1993 | Raise | $0.0825 → $0.0900 | +9.1% |
| May 5, 1992 | Raise | $0.0775 → $0.0825 | +6.5% |
| Apr 30, 1991 | Raise | $0.0725 → $0.0775 | +6.9% |
| May 1, 1990 | Raise | $0.0650 → $0.0725 | +11.5% |
| May 2, 1989 | Raise | $0.0550 → $0.0650 | +18.2% |
| Jan 31, 1989 | Raise | $0.0500 → $0.0550 | +10.0% |
| May 5, 1987 | Raise | $0.0450 → $0.0500 | +11.1% |
| May 6, 1986 | Raise | $0.0425 → $0.0450 | +5.9% |
| Apr 30, 1985 | Raise | $0.0388 → $0.0425 | +9.7% |
Frequently Asked Questions
Is GWW a good dividend stock?
Yes. W.W. Grainger, Inc. (GWW) pays a quarterly dividend yielding 0.74% ($9.96/yr), with 40 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is GWW undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GWW's fair value is about $789.13 versus a $1,349.90 share price — so it looks overvalued (-42% vs. fair value).
Is GWW's dividend safe?
GWW has a dividend-safety grade of A (97/100), based on its payout coverage, free-cash-flow, 40-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is GWW's fair value?
Our blended fair-value estimate for GWW is about $789.13 per share, about 42% below the current $1,349.90 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is GWW a buy, hold, or sell?
We don't issue formal ratings, but on the data GWW screens as "yes" and overvalued. W.W. Grainger, Inc. (GWW) pays a quarterly dividend yielding 0.74% ($9.96/yr), with 40 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will GWW cut its dividend?
GWW earns a dividend-safety grade of A (97/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does GWW pay a dividend?
Yes. W.W. Grainger, Inc. pays a quarterly dividend of about $9.96 per share annually, a forward yield of roughly 0.74%.
What is GWW's dividend yield?
As of Oct 24, 2026, GWW's forward dividend yield is 0.74%, based on a $9.96 annual dividend and a $1,349.90 share price.
What is GWW's dividend per share?
As of Oct 24, 2026, GWW pays $9.96 per share per year, distributed on a quarterly basis.
What is GWW's dividend payout ratio?
As of Oct 24, 2026, GWW's payout ratio is 24% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has GWW grown its dividend?
As of Oct 24, 2026, GWW has increased its dividend for 40 consecutive years.
When is the next GWW ex-dividend date?
As of Oct 24, 2026, GWW's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $2.49 per share.
GWW Price — Last 12 Months
Daily close
Price Return
1 Year
+42%
3 Years
+72%
5 Years
+180%
52-Week Range
$906.52 – $1,419.91
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GWW worth?
Overvaluedmedium confidenceOur blended fair-value estimate for W.W. Grainger, Inc. is $789.13 per share, versus a market price of $1,349.90. That implies 42% of downside.
Fair Value
$789.13
Current Price
$1,349.90
Downside
-42%
Margin of Safety
-71%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 22.4% annual free-cash-flow growth. We model 9.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.4% discount rate (CAPM), 9.9% growth for five years fading to 2.5% over the next five, $38.92 EPS, $9.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GWW Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full GWW dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 10, 2026 | Sep 1, 2026 | $2.4900 | regular |
| May 11, 2026 | Jun 1, 2026 | $2.4900 | regular |
| Feb 9, 2026 | Mar 1, 2026 | $2.2600 | regular |
| Nov 10, 2025 | Dec 1, 2025 | $2.2600 | regular |
| Aug 11, 2025 | Sep 1, 2025 | $2.2600 | regular |
| May 12, 2025 | Jun 1, 2025 | $2.2600 | regular |
| Feb 10, 2025 | Mar 1, 2025 | $2.0500 | regular |
| Nov 8, 2024 | Dec 1, 2024 | $2.0500 | regular |
| Aug 12, 2024 | Sep 1, 2024 | $2.0500 | regular |
| May 10, 2024 | Jun 1, 2024 | $2.0500 | regular |
| Feb 9, 2024 | Mar 1, 2024 | $1.8600 | regular |
| Nov 10, 2023 | Dec 1, 2023 | $1.8600 | regular |
| Aug 11, 2023 | Sep 1, 2023 | $1.8600 | regular |
| May 5, 2023 | Jun 1, 2023 | $1.8600 | regular |
Income Calculator
At $9.96 / yr per share
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