MSC Industrial Direct Company, Inc. (NYSE:MSM) Announces $0.87 Quarterly Dividend

MSC Industrial Direct Company, Inc. (NYSE:MSM) declared a quarterly dividend on Thursday, March 19th. Shareholders of record on Wednesday, April 8th will be paid a dividend of 0.87 per share by the industrial products company on Wednesday, April 22nd. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, April 8th.

MSC Industrial Direct has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 3 years. MSC Industrial Direct has a dividend payout ratio of 89.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect MSC Industrial Direct to earn $4.05 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 85.9%.

MSC Industrial Direct Stock Performance

MSC Industrial Direct stock opened at $86.93 on Friday. MSC Industrial Direct has a fifty-two week low of $68.10 and a fifty-two week high of $96.99. The firm’s 50 day simple moving average is $89.97 and its 200-day simple moving average is $88.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 0.82. The company has a market cap of $4.85 billion, a P/E ratio of 23.75 and a beta of 0.81.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. MSC Industrial Direct had a net margin of 5.37% and a return on equity of 15.73%. The firm had revenue of $965.68 million during the quarter, compared to analyst estimates of $962.52 million. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that MSC Industrial Direct will post 3.57 EPS for the current year.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.