LONDON, UK / ACCESSWIRE / January 11, 2018 / Active-Investors has a free review on MSC Industrial Direct Co., Inc. (NYSE: MSM) ("MSC Industrial") following the Company's announcement that it will begin trading ex-dividend on January 12, 2018. To capture the dividend payout, investors are required to purchase the stock a day prior to the ex-dividend date, that is by latest at the end of trading session on January 11, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on MSM:
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On January 03, 2018, MSC Industrial announced that its Board of Directors has declared a cash dividend of $0.58 per share, representing a 21% increase from the previous regular quarterly dividend of $0.48 per share. The $0.58 dividend is payable on January 30, 2018, to shareholders of record at the close of business on January 16, 2018.
MSC Industrial's indicated dividend represents a yield of 2.36%, which is substantially above the average dividend yield of 1.84% for the Services sector. MSC Industrial has raised dividend for seven consecutive years.
MSC Industrial has a dividend payout ratio of 52.1%, which indicates that the Company spends approximately $0.52 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, MSC Industrial is forecasted to report earnings of $5.06 per share for the next year, which is more than double compared to the Company's annualized dividend of $2.32 per share.
As of September 02, 2017, MSC Industrial's cash and cash equivalents totaled $16.08 million compared to cash of $52.89 million as on September 03, 2017. For the fiscal year ended September 02, 2017, the Company's cash provided by operating activities totaled $246.84 million compared to $401.10 million for the year ago same period. The Company's strong financial position indicates the ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
On December 06, 2017, MSC Industrial announced that the Company's conference call to review its 2018 fiscal first quarter results as well as its current operations, will be broadcast on January 10, 2018, at 8:30 a.m. Eastern Time.
About MSC Industrial
MSC Industrial is a leading North American distributor of metalworking and maintenance, repair, and operations (MRO) products and services. The Company helps its customers drive greater productivity, profitability and growth with more than 1.5 million products, inventory management and other supply chain solutions, and deep expertise from over 75 years of working with customers across industries.
Stock Performance Snapshot
January 10, 2018 - At Wednesday's closing bell, MSC Industrial's stock dropped 5.29%, ending the trading session at $92.53.
Volume traded for the day: 2.55 million shares, which was above the 3-month average volume of 518.00 thousand shares.
Stock performance in the last month – up 2.24%; previous three-month period – up 23.03%; past six-month period – up 23.74%; last twelve-month period – up 0.39%
After yesterday's close, MSC Industrial's market cap was at $5.28 billion.
Price to Earnings (P/E) ratio was at 22.88.
The stock has a dividend yield of 2.08%.
The stock is part of the Services sector, categorized under the Industrial Equipment Wholesale industry.
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