MSC Industrial Direct Company, Inc. (NYSE:MSM) Plans Dividend Increase – $0.89 Per Share

MSC Industrial Direct Company, Inc. (NYSE:MSM) declared a quarterly dividend on Wednesday, October 14th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.89 per share by the industrial products company on Wednesday, November 25th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 2.3% increase from MSC Industrial Direct’s previous quarterly dividend of $0.87.

MSC Industrial Direct 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 3 consecutive years. MSC Industrial Direct has a dividend payout ratio of 89.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect MSC Industrial Direct to earn $5.25 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 66.3%.

MSC Industrial Direct Stock Up 0.2%

Shares of NYSE MSM opened at $132.46 on Thursday. The stock has a market cap of $7.40 billion, a PE ratio of 32.00 and a beta of 0.82. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.06. MSC Industrial Direct has a 52-week low of $78.80 and a 52-week high of $132.77. The business has a 50-day moving average price of $122.77 and a 200 day moving average price of $114.98.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a distributor of metalworking and industrial products serving manufacturers and other organizations across North America. The company provides products used in maintenance, repair and operations, including cutting tools, abrasives, tooling components, fasteners, safety equipment, material handling supplies, and janitorial and facility-maintenance products.

MSC serves customers through an omnichannel platform that includes e-commerce, sales representatives, customer service teams, catalogs, and branch locations.