Global Industrial Company (GIC) To Go Ex-Dividend on August 17th

Global Industrial Company (NYSE:GIC) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Monday, August 17th will be paid a dividend of 0.28 per share on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, August 17th.

Global Industrial has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Global Industrial has a dividend payout ratio of 60.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Global Industrial to earn $2.21 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 50.7%.

Global Industrial Stock Up 3.1%

GIC stock opened at $38.56 on Thursday. The firm has a market capitalization of $1.48 billion, a PE ratio of 17.22, a PEG ratio of 1.24 and a beta of 0.75. Global Industrial has a twelve month low of $26.40 and a twelve month high of $40.26. The stock has a 50-day simple moving average of $33.34 and a two-hundred day simple moving average of $32.17.

Global Industrial (NYSE:GIC) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $377.40 million. Global Industrial had a net margin of 6.06% and a return on equity of 21.94%. On average, equities research analysts anticipate that Global Industrial will post 1.89 EPS for the current fiscal year.

More Global Industrial News

Here are the key news stories impacting Global Industrial this week:

• Positive Sentiment: Global Industrial reported second-quarter revenue of $386.6 million, up from $358.9 million a year earlier and above the $377.4 million consensus estimate. Gross profit increased to $155.4 million from $133.0 million, while gross margin expanded to 40.2% from 37.1%. Global Industrial Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Adjusted earnings of $0.54 per share matched analyst expectations. The revenue beat and improved profitability likely supported buying interest, despite earnings being below the $0.65 per share reported in the prior-year quarter. Global Industrial Meets Q2 Earnings Estimates
• Positive Sentiment: The board declared a quarterly dividend of $0.28 per share, payable August 24 to shareholders of record August 17. The indicated annualized yield is approximately 2.9%, adding income support for investors. The stock will trade ex-dividend on August 17.
• Neutral Sentiment: The earnings call and related coverage provide additional detail on management’s outlook, but the supplied reports do not identify a new guidance change or major catalyst beyond the quarterly results. Global Industrial Q2 2026 Earnings Call Transcript
• Negative Sentiment: A Seeking Alpha analysis argues that the recent pop is not necessarily a reason to buy immediately, suggesting investors should consider valuation and execution risks. With shares near their 12-month high and trading at roughly 20 times earnings, the strong report may already be partly reflected in the price. Global Industrial Company’s Pop Is Great, But Not A Reason To Jump In

Global Industrial Company Profile

Global Industrial Company (NYSE: GIC) is a leading business-to-business distributor of industrial products and equipment. Headquartered in Port Washington, New York, the company provides a comprehensive range of products to support manufacturing, warehousing, and facility maintenance operations across North America. Through a digital-first platform, Global Industrial combines e-commerce, direct sales and catalog-based ordering channels to serve a diverse commercial customer base.

The company’s product portfolio encompasses material handling solutions (including conveyors, pallet racks and hoists), storage and shelving systems, janitorial and sanitation supplies, packaging and shipping materials, and office furniture.