Understanding MSC Industrial Direct Co's Ex-Dividend Date

MSC Industrial Direct Co MSM declared a dividend payable on April 27, 2021 to its shareholders as of March 30, 2021. It was also announced that shareholders of MSC Industrial Direct Co's stock as of April 13, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. MSC Industrial Direct Co has an ex-dividend date planned for April 12, 2021. The company's current dividend payout sits at $0.75. That equates to a dividend yield of 3.34% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding MSC Industrial Direct Co's Dividend Payouts And Yields

Over the past year, MSC Industrial Direct Co has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on July 13, 2020 the company's payout was $0.75, which has returned to its value today. MSC Industrial Direct Co's dividend yield last year was 4.22%, which has since decreased by 0.88%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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