MSC Industrial Direct Co: Dividend Insights

Friday marks the last chance for investors to receive the next dividend payout from MSC Industrial Direct Co MSM.

What's Happening

The company announced on Friday that it would pay shareholders a quarterly dividend of 83 cents per share. On Monday, MSC Industrial Direct Co will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 83 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own MSM as of the end of Friday's session are eligible to receive the 83 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on January 23, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Monitor live stock price updates for MSC Industrial Direct Co on Benzinga.