MSC Industrial Direct Company, Inc. (NYSE:MSM) will begin trading ex-dividend on July 13, 2020. The quarterly dividend payment of $ 0.75 per share is scheduled to be paid on July 28, 2020. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date, latest at the end of the trading session on July 13, 2020.
Dividends History
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Recent Earnings Announcement
MSC Industrial Direct Company, Inc. reported income for the third quarter of $ 1.40 per share, from the revenue of $ 834.97 million. The quarterly earnings contracted 2.78 percent while revenues reduced 3.64 percent compared with the same quarter last year.
According to street consensus, MSM was expected to report 3Q20 income of $ 1.16 per share from revenue of $ 818.87 million. The bottom line results beat street analysts by $ 0.24 or 20.69 percent, at the same time, top line results topped analysts by $ 16.10 million or 1.97 percent.
Stock Performance
According to the previous trading day, closing price of MSM was $ 64.64, representing a 43.87 % increase from the 52 week low of $ 44.93 and a 19.07 % decrease over the 52 week high of $ 79.87.
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The company has a market capital of $ 3.59 billion and is part of the Industrials sector and Industrial Distribution industry.
MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The companys MRO products comprise 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. It offers approximately 1,645,000 stock-keeping units through its catalogs; brochures; e-commerce channels, including its Website, mscdirect.com; inventory management solutions; and call-centers and branches.
