<div id="readability-page-1"><p><strong>MSC Industrial Direct Co., Inc.</strong> (NYSE:MSM - Get Free Report) declared a quarterly dividend on Wednesday, March 26th, RTT News reports. Shareholders of record on Wednesday, April 9th will be given a dividend of 0.85 per share by the industrial products company on Wednesday, April 23rd. This represents a $3.40 dividend on an annualized basis and a yield of 4.26%.</p><div><p><span></span><span>Get <strong>MSC Industrial Direct</strong> alerts:</span></p></div><ul><li>Fastenal : Growth Trends, Challenges &amp; Key Investment Insights</li></ul><p>MSC Industrial Direct has increased its dividend payment by an average of 3.9% annually over the last three years. MSC Industrial Direct has a dividend payout ratio of 83.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect MSC Industrial Direct to earn $4.05 per share next year, which means the company should continue to be able to cover its $3.40 annual dividend with an expected future payout ratio of 84.0%. </p><h2>MSC Industrial Direct Price Performance</h2><p>NYSE MSM traded up $0.69 during trading hours on Wednesday, reaching $79.84. The company's stock had a trading volume of 590,643 shares, compared to its average volume of 596,860. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 19.05 and a beta of 0.90. The company's 50-day moving average is $80.25 and its two-hundred day moving average is $81.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. MSC Industrial Direct has a 1-year low of $72.79 and a 1-year high of $100.35. </p><ul><li>MSC Industrial Supply Co.: High Yield, Value And Growth In 2023</li></ul><p>MSC Industrial Direct (NYSE:MSM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company's revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share.  On average, equities analysts predict that  MSC Industrial Direct will post 3.57 EPS for the current year. </p><h2>Analysts Set New Price Targets</h2><p>MSM has been the topic of several research reports. Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They issued an &#34;outperform&#34; rating and a $95.00 price target on the stock. Stephens cut MSC Industrial Direct from an &#34;overweight&#34; rating to an &#34;equal weight&#34; rating and set a $85.00 target price on the stock. in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and one  has given a buy rating to the stock. Based on data from MarketBeat.com, the stock  has a consensus rating of &#34;Hold&#34; and an average price target of $83.80.</p><ul><li>Is Fastenal Setting Up a Furious Flag Breakout? </li></ul><p><b>Read Our Latest Stock Report on MSM</b></p><h2>MSC Industrial Direct Company Profile</h2> (Get Free Report)<p>MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.</p><h2>Read More</h2><ul><li>Five stocks we like better than MSC Industrial Direct</li><li>How to Choose Top Rated Stocks</li><li>Energy Transfer: Powering Data With Dividends and Diversification</li><li>What is an Earnings Surprise?  </li><li>Qualcomm Stock Is Coiling for a Breakout </li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>Is Alphabet Too Cheap to Ignore After Its Recent Correction?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1TTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1TTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in MSC Industrial Direct Right Now?</h2><p>Before you consider MSC Industrial Direct, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MSC Industrial Direct wasn't on the list.</p><p>While MSC Industrial Direct currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>MSC Industrial Direct Co., Inc. (NYSE:MSM) has declared a quarterly dividend of $0.85 per share, payable on April 23rd to shareholders of record as of April 9th. This results in an annualized dividend of $3.40, yielding 4.26%. The company has increased its dividend by an average of 3.9% annually over the past three years, with a current payout ratio of 83.3%. Analysts expect MSC to earn $4.05 per share next year, maintaining the ability to cover its dividend. The stock is currently trading at $79.84, with a market cap of $4.46 billion.</p>

MSC Industrial Direct Co., Inc. (NYSE:MSM) Announces $0.85 Quarterly Dividend