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

MSC Industrial Direct Company, Inc. (NYSE:MSM) declared a quarterly dividend on Thursday, December 18th. Shareholders of record on Wednesday, January 14th will be paid a dividend of 0.87 per share by the industrial products company on Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, January 14th.

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 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 tumble. Equities 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 Up 0.2%

MSC Industrial Direct stock opened at $86.25 on Friday. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 24.23 and a beta of 0.84. The company has a current ratio of 1.68, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. MSC Industrial Direct has a 52 week low of $68.10 and a 52 week high of $94.31. The company’s 50-day moving average price is $86.19 and its two-hundred day moving average price is $87.20.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. The business had revenue of $978.18 million during the quarter, compared to analyst estimates of $964.03 million. MSC Industrial Direct had a return on equity of 15.21% and a net margin of 5.29%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, analysts expect that MSC Industrial Direct will post 3.57 EPS for the current fiscal year.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.