MSC Industrial Hikes Dividend By 5%

by Shivani Kumaresan, Benzinga Staff Writer

October 12, 2022 7:15 AM | 1 min read |

MSC Industrial Direct Co Inc MSM Board of Directors has approved a 5% increase in quarterly cash dividend to $0.79 per share.
The dividend is payable on November 29, 2022, to shareholders of record on November 15, 2022.
The ex-dividend date is November 14, 2022.
MSC Industrial held $28.8 million in cash and equivalents as of May 28, 2022.
MSC Industrial Direct is a distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America.
Price Action: MSM shares closed higher by 0.76% at $74.72 on Tuesday.