MSM dividend – MSC Industrial Direct Pays Out $0.83 Dividend to Shareholders
December 16, 2023
🌥️Trending News
MSC ($NYSE:MSM) Industrial Direct has announced a dividend of $0.83 per share to its shareholders. The company, which is a leading North American distributor of metalworking and maintenance, repair, and operations (MRO) products and services, has been a major player in the industrial supply market for many years. MSC Industrial Direct is one of the largest distributors for industrial supplies in the United States and is known for its commitment to quality, service, and value. It has an extensive product line featuring everything from hand tools and cutting tools to safety equipment and much more.
It also offers its customers a highly efficient ordering process, with same-day shipping available on most orders. The company has a long history of returning value to its shareholders with dividends and share repurchases.
Dividends – MSM dividend
This marks the third year in a row that the company has paid out an annual dividend per share of $3.16. This dividend yield has remained steady over the last 3 years, at a rate of 3.78%. For investors looking for a reliable stock with a strong dividend yield, MSC Industrial Direct is certainly a company worth considering. The consistent and reliable dividend payouts make it an attractive option for dividend investors.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MSM. More…
| Total Revenues | Net Income | Net Margin |
| 4.01k | 343.23 | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MSM. More…
| Operations | Investing | Financing |
| 699.58 | -112.67 | -580.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MSM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.54k | 1.05k | 26.65 |
Key Ratios Snapshot
Some of the financial key ratios for MSM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.9% | 11.9% | 11.9% |
| FCF Margin | ROE | ROA |
| 15.1% | 20.2% | 11.8% |
Price History
On Friday, MSC Industrial Direct’s stock opened at $102.1 and closed at $101.1, down by 1.2% from the previous closing price of 102.3. This change in the stock price is likely due to the announcement of the dividend payout, as investors are likely selling their shares in anticipation of the dividend payout. It is wise for investors to review their holdings and decide whether they wish to retain their shares and receive the dividend payout, or sell off their holdings prior to the dividend payout date. Live Quote…
Analysis – MSM Intrinsic Value
At GoodWhale, we have conducted an analysis of MSC INDUSTRIAL DIRECT’s fundamentals to calculate its intrinsic value. According to our proprietary Valuation Line, the intrinsic value of MSC INDUSTRIAL DIRECT’s share is around $94.3. However, its current stock price is $101.1, meaning that it is fairly overvalued by 7.2%. More…
Peers
The company has a wide range of products and services that it offers to its clients. The company has a strong presence in the market and is one of the leading companies in this sector. The company has a good reputation in the market and is known for its quality products and services. The company has a strong competition from other companies such as Hardwoods Distribution Inc, Watsco Inc, WESCO International Inc.
– Hardwoods Distribution Inc ($TSX:HDI)
As of 2022, Hardwoods Distribution Inc has a market cap of 534.86M and a ROE of 29.08%. The company is a wholesale distributor of hardwood lumber and related products in North America, with a network of over 60 locations in the United States and Canada. Products include hardwood lumber, softwood lumber, plywood, veneers, decking, flooring, and other millwork products. The company has a long history dating back to 1925, and is a publicly traded company on the Toronto Stock Exchange.
– Watsco Inc ($NYSE:WSO)
Watsco Inc is a provider of air conditioning, heating and refrigeration solutions. It has a market cap of 9.62B as of 2022 and a return on equity of 27.67%. The company serves the residential, commercial and industrial markets in the United States, Canada, Mexico and the Caribbean.
– WESCO International Inc ($NYSE:WCC)
Wesco International Inc is a holding company that, through its subsidiaries, engages in the distribution of electrical, industrial, and communications products and services in the United States, Canada, and Mexico. The company operates through three segments: Electrical, Industrial, and Communications. The Electrical segment offers products and services to customers in the construction, industrial, commercial, and utility end-markets. The Industrial segment provides products and services to customers in the mining, oil and gas, transportation, and infrastructure end-markets. The Communications segment offers products and services to customers in the communications, data center, and enterprise end-markets.
As of 2022, Wesco International Inc had a market cap of 6.45B and a Return on Equity of 16.97%.
Summary
MSC Industrial Direct Company, Inc. is a leading distributor of metalworking and maintenance, repair and operations (MRO) products and services to industrial customers throughout the United States. The company recently declared a dividend of $0.83 per common share. Analysts and investors are indicating that this move is a positive sign of increased confidence in the company’s long-term outlook. Furthermore, MSC Industrial Direct’s dividend growth rate has been excellent over the past few years and is expected to continue its growth trajectory.
Additionally, the company has a strong balance sheet, which provides financial stability to support its dividend payments as well as future investments in growth initiatives. All these factors make MSC Industrial Direct an attractive investment for those interested in income and long-term growth potential.
