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, and the United Kingdom. Its 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. The company offers approximately 1.9 million stock-keeping units through its catalogs and brochures; e-commerce channels, including its Website, mscdirect.com; inventory management solutions; and call-centers and branches. It operates through a distribution network of 28 branch offices, 11 customer fulfilment centers, and seven regional inventory centers. The company serves individual machine shops, Fortune 1000 manufacturing companies, and government agencies, as well as manufacturers of various sizes. MSC Industrial Direct Co., Inc. was founded in 1941 and is headquartered in Melville, New York.
MSC Industrial Direct Dividend Announcement
• MSC Industrial Direct announced a quarterly dividend of $0.85 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-13
• MSC Industrial Direct annual dividend for 2024 was $3.34
• MSC Industrial Direct annual dividend for 2023 was $3.20
• MSC Industrial Direct's trailing twelve-month (TTM) dividend yield is 3.84%
• MSC Industrial Direct's payout ratio for the trailing twelve months (TTM) is 72.42%
• MSC Industrial Direct's dividend growth over the last five years (2018-2023) was 6.19% year
• MSC Industrial Direct's dividend growth over the last ten years (2013-2023) was 13.15% year
MSC Industrial Direct Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-13 | $0.85 | quarterly | 2024-11-27 |
2024-07-09 | $0.83 | quarterly | 2024-07-23 |
2024-04-08 | $0.83 | quarterly | 2024-04-23 |
2024-01-08 | $0.83 | quarterly | 2024-01-23 |
2023-11-13 | $0.83 | quarterly | 2023-11-28 |
2023-07-10 | $0.79 | quarterly | 2023-07-25 |
2023-04-10 | $0.79 | quarterly | 2023-04-25 |
2023-01-09 | $0.79 | quarterly | 2023-01-24 |
2022-11-14 | $0.79 | quarterly | 2022-11-29 |
2022-07-11 | $0.75 | quarterly | 2022-07-26 |
2022-04-11 | $0.75 | quarterly | 2022-04-26 |
2022-01-10 | $0.75 | quarterly | 2022-01-25 |
2021-11-15 | $0.75 | quarterly | 2021-11-30 |
2021-07-12 | $0.75 | quarterly | 2021-07-27 |
2021-04-12 | $0.75 | quarterly | 2021-04-27 |
2021-01-11 | $0.75 | quarterly | 2021-01-26 |
2020-11-30 | $3.50 | quarterly | 2020-12-15 |
2020-11-09 | $0.75 | quarterly | 2020-11-24 |
2020-07-13 | $0.75 | quarterly | 2020-07-28 |
2020-04-13 | $0.75 | quarterly | 2020-04-28 |
2020-01-21 | $5.75 | quarterly | 2020-02-05 |
2019-11-08 | $0.75 | quarterly | 2019-11-26 |
2019-07-22 | $0.75 | quarterly | 2019-08-06 |
2019-04-08 | $0.63 | quarterly | 2019-04-23 |
2019-01-07 | $0.63 | quarterly | 2019-01-22 |
2018-11-09 | $0.63 | quarterly | 2018-11-27 |
2018-07-09 | $0.58 | quarterly | 2018-07-24 |
2018-04-16 | $0.58 | quarterly | 2018-05-01 |
2018-01-12 | $0.58 | quarterly | 2018-01-30 |
2017-11-13 | $0.48 | quarterly | 2017-11-28 |
2017-07-14 | $0.45 | quarterly | 2017-08-01 |
2017-04-13 | $0.45 | quarterly | 2017-05-02 |
2017-01-20 | $0.45 | quarterly | |
2017-01-06 | $0.45 | quarterly | 2017-01-24 |
2016-11-10 | $0.45 | quarterly | 2016-11-29 |
2016-07-08 | $0.43 | quarterly | 2016-07-26 |
2016-04-08 | $0.43 | quarterly | 2016-04-26 |
2016-01-08 | $0.43 | quarterly | 2016-01-26 |
2015-11-06 | $0.43 | quarterly | 2015-11-24 |
2015-07-10 | $0.40 | quarterly | 2015-07-28 |
2015-04-10 | $0.40 | quarterly | 2015-04-28 |
2015-01-09 | $0.40 | quarterly | 2015-01-27 |
2014-11-14 | $3.00 | quarterly | 2014-11-26 |
2014-07-03 | $0.33 | quarterly | 2014-07-22 |
2014-04-11 | $0.33 | quarterly | 2014-04-22 |
2014-04-04 | $0.33 | quarterly | 2014-04-22 |
2014-01-10 | $0.33 | quarterly | 2014-01-28 |
2013-11-04 | $0.33 | quarterly | 2013-11-20 |
2013-07-05 | $0.30 | quarterly | 2013-07-23 |
2013-04-12 | $0.30 | quarterly | 2013-04-30 |
MSC Industrial Direct Dividend per year
MSC Industrial Direct Dividend growth
MSC Industrial Direct Dividend Yield
MSC Industrial Direct current trailing twelve-month (TTM) dividend yield is 3.84%. Interested in purchasing MSC Industrial Direct stock? Use our calculator to estimate your expected dividend yield:
MSC Industrial Direct Financial Ratios
MSC Industrial Direct Dividend FAQ
Other factors to consider when evaluating MSC Industrial Direct as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: MSC Industrial Direct's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, MSC Industrial Direct publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, MSC Industrial Direct distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from MSC Industrial Direct are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: MSC Industrial Direct sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, MSC Industrial Direct distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MSC Industrial Direct declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of MSC Industrial Direct's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review MSC Industrial Direct's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.