MSC Industrial Direct Company, Inc. (MSM) to Distribute Quarterly Dividend of $0.89 on November 25th

MSC Industrial Direct Company, Inc. (NYSE:MSM) declared a quarterly dividend on Wednesday, October 14th. Investors 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 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 by an average of 0.2% annually 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% indicating that 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 $5.34 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 65.2%.

MSC Industrial Direct Stock Performance

MSM stock opened at $130.54 on Friday. The stock’s 50 day simple moving average is $122.90 and its 200 day simple moving average is $115.27. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. MSC Industrial Direct has a 12-month low of $78.80 and a 12-month high of $133.65. The stock has a market capitalization of $7.29 billion, a PE ratio of 31.53 and a beta of 0.82.

Key MSC Industrial Direct News

Here are the key news stories impacting MSC Industrial Direct this week:

• Positive Sentiment: Analyst upgrade and higher price target: Barclays initiated coverage with an “overweight” rating and a $152 price target, implying additional upside from recent levels. The endorsement could support investor confidence in MSC Industrial’s valuation and outlook.
• Positive Sentiment: Quarterly dividend increased: MSC Industrial raised its quarterly dividend 2.3%, from $0.87 to $0.89 per share. The dividend is payable November 25 to shareholders of record November 11, providing a modestly improved income return and signaling continued cash-flow confidence. MSC Industrial Supply Co. Declares Increase in Regular Quarterly Dividend
• Positive Sentiment: Earnings beat potential: Zacks said MSC Industrial has characteristics associated with a possible earnings beat, while Wall Street expects year-over-year earnings growth in the upcoming report. A stronger-than-expected result could provide a near-term catalyst. MSC Industrial Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Upcoming earnings event: MSC Industrial is projected to report quarterly results next week. Until the release, trading may remain sensitive to estimates, industrial-demand trends, margins and management guidance. MSC Industrial Direct Projected to Post Quarterly Earnings

About MSC Industrial Direct

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.