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MSC Industrial Direct Keeps Dividend Steady

Tuesday - 6/25/2013, 2:54pm  ET

MSC Industrial Direct is continuing to put some of its money directly in the hands of its shareholders. The company has declared a fresh quarterly dividend of $0.30 per share. This will be paid on July 23 to shareholders of record as of July 9. That amount matches each of the firm's previous three distributions, the most recent of which was handed out at the end of April. Prior to that, the industrial supply firm dispensed $0.25 per share.

The just-declared distribution annualizes to $1.20 per share. That yields 1.6% at MSC Industrial Direct's most recent closing stock price of $77.41.

This article was originally published as MSC Industrial Direct Keeps Dividend Steadyon Fool.com

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