MSC Industrial Direct Company, Inc. (MSM) To Go Ex-Dividend on November 10th

MSC Industrial Direct Company, Inc. (NYSE:MSM) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Wednesday, November 11th will be given 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 3.1%. 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 by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. MSC Industrial Direct has a dividend payout ratio of 91.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect MSC Industrial Direct to earn $6.42 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 55.5%.

MSC Industrial Direct Price Performance

Shares of NYSE:MSM opened at $113.26 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 1.78. The firm has a fifty day moving average price of $122.75 and a 200 day moving average price of $110.00. MSC Industrial Direct has a fifty-two week low of $78.80 and a fifty-two week high of $133.95. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 28.46 and a beta of 0.83.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. MSC Industrial Direct had a net margin of 5.55% and a return on equity of 18.72%. MSC Industrial Direct’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. As a group, sell-side analysts expect that MSC Industrial Direct will post 5.51 earnings per share for the current fiscal year.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a distributor of metalworking and maintenance, repair and operations (MRO) supplies. The company serves industrial and institutional customers with products used in machining, manufacturing, facility maintenance and workplace safety.

Its offerings include cutting tools, abrasives, tooling and workholding equipment, machinery, safety products, material-handling supplies, janitorial and facility-maintenance products, and other industrial consumables. MSC also provides technical support, inventory-management programs, vending and other supply-chain services designed to help customers manage procurement and production-related needs.

Founded in 1941, MSC serves customers primarily across the United States and Canada through sales representatives, customer service teams, catalogs, distribution operations and digital commerce platforms.