Dividend Track Records

MSC Industrial Direct (MSM) raises dividend by 2.4% in 2025 MSC Industrial Direct Co (MSM) will hike its quarterly dividend by 2.4% to $0.87 per share in 2025. This brings the dividend track record to 4 consecutive years of increases.

MSC Industrial Direct (MSM) hikes the quarterly dividend by 2.4% to 85 cents per share in 2024. This marks the 3rd consecutive year of increases by MSM.

MSC Industrial Direct (MSM) will hike its quarterly dividend by 5.1% to 83 cents per share in 2023. This follows a 5.3% dividend hike in 2022 by MSM.

On October 11, 2022, MSC Industrial Direct (MSM) announced al 5.3% dividend hike to 79 cents per share quarterly. This is the first increase by MSM since 2019. The dividend yield is 4.1% at a stock price of $76 for MSM. MSM, premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America , today announced that its Board of Directors has declared a cash dividend of $0.79 per share, representing a 5% increase from the previous regular quarterly dividend of $0.75 per share. The $0.79 dividend is payable on November 29, 2022 to shareholders of record at the close of business on November 15, 2022 . The ex-dividend date is November 14, 2022 . MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The company serves customers throughout the United States, Canada and the United Kingdom, from individual machi...

MSC Industrial Direct (MSM) will pay a special dividend of $3.50 per share in 2020. This comes after a $5.00 per share special dividend announced in 2019. The special dividend will be paid together with the regular quarterly dividend of $0.75 per share. Last year the distributor of MRO products and services had last hiked its dividend by 19.0 percent. The special cash dividend is payable on December 15, 2020 to shareholders of record at the close of business on December 1, 2020. The ex-dividend date is November 30, 2020. In a press release announcing this new special dividend MSM states that it will fund the approximately $195 million required for the special cash dividend primarily from its revolving credit facility. The company's balance sheet and liquidity position remain healthy, and the company expects to continue generating strong cash flow. Funding this special dividend raises the company's leverage ratio moderately. The regular dividend of $3.00 per share annually yield...

MSC Industrial Direct (MSM) will pay a special dividend of $5.00 per share, together with the regular quarterly dividend of $0.75 per share. Earlier this year the distributor of MRO products and services had already hiked its dividend by 19.0 percent. The special cash dividend is payable on February 5, 2020 to shareholders of record at the close of business on January 22, 2020. The ex-dividend date is January 21, 2020. The Company will initially fund the approximately $277 million required for the special cash dividend from cash on hand and its revolving credit facility. The regular dividend of $3.00 per share annually yields 4.0% at a stock price of $75.82. The special dividend will yield approximately 6.7% at current stock prices. MSM has hiked its regular dividend for 17 consecutive years. MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The company serves customers throughout t...

MSC Industrial Direct Co (MSM) will raise its quarterly dividend by 19.0 percent to $0.75 per share in 2019. Last year the metalworking products company hiked its dividend two times by a total of 31.3 percent. The next dividend is payable on August 6, 2019, to shareholders of record on the close of business on July 23, 2019. The ex-dividend date is July 22, 2019. Rustom Jilla, executive vice president and chief financial officer, stated, "As you saw this morning, the Board of Directors increased our quarterly dividend, reflecting confidence in our balance sheet and free cash flow, and a higher hurdle rate on acquisitions going forward." MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The company serves customers throughout the United States, Canada and the United Kingdom, from individual machine shops, to Fortune 100 manufacturing companies, to government agencies such as...