Global Industrial stock dividend – Global Industrial Co Declares Cash Dividend of 0.2 Per Share

Dividends Yield

On March 1st 2023, Global Industrial ($NYSE:GIC) Co (GLOBAL INDUSTRIAL) issued a statement declaring a cash dividend of 0.2 per share for their stockholders. The dividend will be payable to shareholders on record as of March 3rd 2023, with an ex-dividend date of March 3rd 2023. This marks a continuation of GLOBAL INDUSTRIAL’s long-standing tradition of distributing a dividend of 0.72 USD per share in each of the past three years. This consistent dividend yield provides an average yield of 2.16%, which is attractive to dividend investors looking to add to their portfolio.

The release of this cash dividend comes with the expectation that growing demand for GLOBAL INDUSTRIAL’s services will continue to drive stock prices higher. With this in mind, dividend investors should take note and consider adding GLOBAL INDUSTRIAL to their list of investments. This latest dividend brings with it the promise of a steady and consistent return, which is attractive to investors looking for a reliable and safe investment.

Price History

This closing stock price was down 1.0% from the prior day’s closing price of $28.1. As a leading provider of industrial products, GLOBAL INDUSTRIAL has been committed to providing value to their shareholders through dividends and share buyback programs. This dividend is in keeping with this commitment and serves to reward shareholders for their ongoing investment in the company.

GLOBAL INDUSTRIAL has consistently delivered value to shareholders through dividends and share buybacks, as well as other initiatives such as research and development projects and investments in new technologies. Shareholders can expect a continued focus on the long-term growth and success of the company, along with regular dividend distributions. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Global Industrial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Global Industrial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Global Industrial. More…

Key Ratios Snapshot

Some of the financial key ratios for Global Industrial are shown below. More…

Analysis

GoodWhale is here to help you thoroughly analyze GLOBAL INDUSTRIAL‘s financials. According to our Risk Rating, GLOBAL INDUSTRIAL is a high risk investment. This means it could be a risky bet for investors, as it is vulnerable to external factors. So it’s important to take a closer look at their financials. GoodWhale has identified two risk warnings in the income sheet and balance sheet of GLOBAL INDUSTRIAL. To gain access to these insights, users must become a registered user of GoodWhale. This way, investors can take full advantage of our risk assessment services in order to make more informed decisions. More…

Peers

Global Industrial Co competes with Slingsby (H C) PLC, Lawson Products Inc, and EVI Industries Inc in the market for industrial supplies. The company offers a wide variety of products, including safety equipment, material handling equipment, and tools. Global Industrial Co has a strong online presence and offers competitive prices.

– Slingsby (H C) PLC ($LSE:SLNG)

Slingsby (H C) PLC is a company that manufactures and sells office furniture. The company has a market cap of 2.83M as of 2022 and a Return on Equity of 19.79%. The company’s products include office chairs, desks, and filing cabinets.

– Lawson Products Inc ($NYSEAM:EVI)

EVI Industries Inc is a publicly traded company that owns and operates a diversified portfolio of businesses in a variety of industries. The company has a market capitalization of $236.89 million as of 2022 and a return on equity of 4.24%. EVI Industries Inc is engaged in the business of owning and operating businesses in a variety of industries, including but not limited to: manufacturing, distribution, logistics, and retail. The company’s businesses are located in North America, Europe, Asia, and South America.

Summary

Investors interested in GLOBAL INDUSTRIAL may find it an attractive option; the company has consistently issued a dividend of 0.72 USD per share over the last three years, giving it an average yield of 2.16%. The dividend payout history suggests a relatively reliable income stream for shareholders and makes GLOBAL INDUSTRIAL an enticing option for investors looking for regular returns. Analyzing the company’s financials, including debt levels and profitability metrics, can help investors assess the company’s overall health and make an informed decision about whether to invest in GLOBAL INDUSTRIAL.