MSC INDUSTRIAL SUPPLY CO. DECLARES INCREASE IN REGULAR QUARTERLY DIVIDEND
MSC Industrial Supply Co. (NYSE: MSM), a leading distributor of Metalworking and MRO products in North America, has announced an increase in its regular quarterly dividend. The company's Board of Directors has declared a cash dividend of $0.85 per share, up from the previous $0.83 per share. This new dividend will be payable on November 27, 2024 to shareholders of record at the close of business on November 13, 2024.
This increase in dividend demonstrates MSC Industrial Supply Co.'s commitment to delivering value to its shareholders and reflects confidence in the company's financial stability and future prospects.
MSC Industrial Supply Co. (NYSE: MSM), un importante distributore di prodotti per la lavorazione dei metalli e MRO in Nord America, ha annunciato un aumento del suo dividendo trimestrale regolare. Il Consiglio di Amministrazione dell'azienda ha dichiarato un dividendo in contante di $0,85 per azione, rispetto ai precedenti $0,83 per azione. Questo nuovo dividendo sarà pagabile il 27 novembre 2024 agli azionisti registrati alla chiusura degli affari del 13 novembre 2024.
Questo aumento del dividendo dimostra l'impegno di MSC Industrial Supply Co. nel fornire valore ai suoi azionisti e riflette la fiducia nella stabilità finanziaria dell'azienda e nelle sue prospettive future.
MSC Industrial Supply Co. (NYSE: MSM), un distribuidor líder de productos de mecanizado y MRO en América del Norte, ha anunciado un aumento en su dividendo trimestral regular. La Junta Directiva de la compañía ha declarado un dividendo en efectivo de $0.85 por acción, en comparación con el anterior de $0.83 por acción. Este nuevo dividendo será pagadero el 27 de noviembre de 2024 a los accionistas registrados al cierre del negocio el 13 de noviembre de 2024.
Este aumento en el dividendo demuestra el compromiso de MSC Industrial Supply Co. de ofrecer valor a sus accionistas y refleja la confianza en la estabilidad financiera de la compañía y sus perspectivas futuras.
MSC 산업 공급 회사 (NYSE: MSM), 북미에서 금속 가공 및 MRO 제품의 주요 유통업체, 정기 분기 배당금 인상을 발표했습니다. 회사 이사회는 주당 $0.85의 현금 배당금을 선언했으며, 이는 이전의 $0.83에서 증가한 수치입니다. 이번 새로운 배당금은 2024년 11월 27일에 2024년 11월 13일 영업 종료 시점에 주주에게 지급될 예정입니다.
이번 배당금 인상은 MSC 산업 공급 회사가 주주에게 가치를 제공하려는 의지를 보여주며, 회사의 재정 안정성과 미래 전망에 대한 자신감을 반영합니다.
MSC Industrial Supply Co. (NYSE: MSM), un distributeur majeur de produits de métrologie et de MRO en Amérique du Nord, a annoncé une augmentation de son dividende trimestriel régulier. Le Conseil d'administration de l'entreprise a déclaré un dividende en espèces de 0,85 $ par action, en hausse par rapport à 0,83 $ par action auparavant. Ce nouveau dividende sera payable le 27 novembre 2024 aux actionnaires inscrits à la fermeture des affaires le 13 novembre 2024.
Cette augmentation du dividende démontre l'engagement de MSC Industrial Supply Co. à offrir de la valeur à ses actionnaires et reflète la confiance dans la stabilité financière de l'entreprise et ses perspectives d'avenir.
MSC Industrial Supply Co. (NYSE: MSM), ein führender Anbieter von Metallverarbeitungs- und MRO-Produkten in Nordamerika, hat eine Erhöhung seiner regulären vierteljährlichen Dividende bekannt gegeben. Der Vorstand des Unternehmens hat eine Barausschüttung von $0,85 pro Aktie erklärt, was einem Anstieg gegenüber der vorherigen Ausschüttung von $0,83 pro Aktie entspricht. Diese neue Dividende wird am 27. November 2024 an die zum Stichtag 13. November 2024 eingetragenen Aktionäre ausgezahlt.
Diese Erhöhung der Dividende zeigt das Engagement von MSC Industrial Supply Co., seinen Aktionären Wert zu bieten, und spiegelt das Vertrauen in die finanzielle Stabilität des Unternehmens und seine zukünftigen Perspektiven wider.
- Increased quarterly dividend from $0.83 to $0.85 per share
- Demonstrates company's commitment to shareholder value
- Indicates confidence in financial stability and future prospects
- None.
About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services. We help our customers drive greater productivity, profitability and growth with approximately 2.4 million products, inventory management and other supply chain solutions, and deep expertise from more than 80 years of working with customers across industries. Our experienced team of more than 7,000 associates works with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling and optimizing for a more productive tomorrow. For more information on MSC Industrial, please visit mscdirect.com.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact, that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including statements about results of operations and financial condition, expected future results, expected benefits from our investment and strategic plans and other initiatives, and expected future growth, profitability and return on invested capital, are forward-looking statements. The words "will," "may," "believes," "anticipates," "thinks," "expects," "estimates," "plans," "intends" and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. In addition, statements which refer to expectations, projections or other characterizations of future events or circumstances, statements involving a discussion of strategy, plans or intentions, statements about management's assumptions, projections or predictions of future events or market outlook and any other statement other than a statement of present or historical fact are forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by MSC or any other person that the events or circumstances described in such statement are material. In addition, new risks may emerge from time to time and it is not possible for management to predict such risks or to assess the impact of such risks on our business or financial results. Accordingly, future results may differ materially from historical results or from those discussed or implied by these forward-looking statements. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking statements. These risks and uncertainties include, but are not limited to, the following: general economic conditions in the markets in which we operate; changing customer and product mixes; volatility in commodity and energy prices, the impact of prolonged periods of low, high or rapid inflation, and fluctuations in interest rates; competition, including the adoption by competitors of aggressive pricing strategies or sales methods; industry consolidation and other changes in the industrial distribution sector; our ability to realize the expected benefits from our investment and strategic plans; our ability to realize the expected cost savings and benefits from our restructuring activities and structural cost reductions; the retention of key management personnel; the credit risk of our customers; the risk of customer cancellation or rescheduling of orders; difficulties in calibrating customer demand for our products, which could cause an inability to sell excess products ordered from manufacturers resulting in inventory write-downs or could conversely cause inventory shortages of such products; work stoppages, labor shortages or other disruptions, including those due to extreme weather conditions, at transportation centers, shipping ports, our headquarters or our customer fulfillment centers; disruptions or breaches of our information technology systems or violations of data privacy laws; our ability to attract, train and retain qualified sales and customer service personnel and metalworking and specialty sales specialists; the risk of loss of key suppliers or contractors or key brands or supply chain disruptions; changes to governmental trade or sanctions policies, including the impact from significant import restrictions or tariffs or moratoriums on economic activity with certain countries or regions; risks related to opening or expanding our customer fulfillment centers; our ability to estimate the cost of healthcare claims incurred under our self-insurance plan; litigation risk due to the nature of our business; risks associated with the integration of acquired businesses or other strategic transactions; financial restrictions on outstanding borrowings; our ability to maintain our credit facilities or incur additional borrowings on terms we deem attractive; the failure to comply with applicable environmental, health and safety laws and regulations and other laws and regulations applicable to our business; the outcome of government or regulatory proceedings; goodwill and other indefinite-lived intangible assets recorded as a result of our acquisitions could become impaired; our common stock price may be volatile due to factors outside of our control; the significant influence that our principal shareholders will continue to have over our decisions; and our ability to realize the desired benefits from the share reclassification. Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual and Quarterly Reports on Forms 10-K and 10-Q, respectively, and in the other reports and documents that we file with the United States Securities and Exchange Commission. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.
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SOURCE MSC Industrial Supply Co.
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