MSC Industrial Direct Company, Inc. (MSM) To Go Ex-Dividend on April 8th

MSC Industrial Direct Company, Inc. (NYSE:MSM) announced a quarterly dividend on Thursday, March 19th. Investors 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 yield of 3.9%. 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%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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Price Performance

Shares of MSM opened at $90.31 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.73 and a quick ratio of 0.82. MSC Industrial Direct has a 1-year low of $68.10 and a 1-year high of $96.99. The stock has a market cap of $5.04 billion, a PE ratio of 24.28 and a beta of 0.79. The firm has a fifty day moving average price of $90.97 and a 200 day moving average price of $88.28.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The firm had revenue of $917.77 million for the quarter, compared to analysts’ expectations of $931.69 million. During the same period in the previous year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that MSC Industrial Direct will post 3.57 EPS for the current year.

About MSC Industrial Direct

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.