MSC Industrial Direct Increases Dividend by 2.41%

By Tamara Parker • Friday, October 11 10:27 • Permanent Link

MSC Industrial Supply Co. (NYSE: MSM) has declared a cash dividend of $0.85 per share, representing an increase from the previous regular quarterly dividend of $0.83 per share. This marks a 2.41% increase in the regular quarterly dividend payout. The dividend is payable on November 27, 2024, to shareholders of record at the close of business on November 13, 2024.

This announcement reflects the company's commitment to enhancing shareholder value and confidence in its financial position. It also indicates positive performance and cash flow generation, leading to the ability to distribute higher returns to shareholders.

MSC Industrial Supply Co. is a leading distributor of metalworking and maintenance, repair, and operations (MRO) products and services in North America. With approximately 2.4 million products and over 80 years of industry experience, the company continues to focus on driving greater productivity, profitability, and growth for its customers. Following these announcements, the company's shares moved 2.8%, and are now trading at a price of $83.61. Check out the company's full 8-K submission here.

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