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

MSC Industrial Direct Company, Inc. (NYSE:MSM) announced a quarterly dividend on Tuesday, June 16th. Shareholders of record on Wednesday, July 8th will be paid a dividend of 0.87 per share by the industrial products company on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, July 8th.

MSC Industrial Direct has decreased its dividend by an average of 0.2%per year 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 fall. Analysts expect MSC Industrial Direct to earn $4.95 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 70.3%.

MSC Industrial Direct Stock Performance

Shares of NYSE MSM opened at $117.49 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 1.73. The company has a market cap of $6.56 billion, a P/E ratio of 31.58 and a beta of 0.84. The firm’s fifty day moving average is $105.02 and its two-hundred day moving average is $94.28. MSC Industrial Direct has a 52-week low of $78.80 and a 52-week high of $119.13.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The company had revenue of $917.77 million during the quarter, compared to the consensus estimate of $931.69 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. As a group, analysts anticipate that MSC Industrial Direct will post 4.33 EPS for the current fiscal 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.