MSC Industrial Direct's (NYSE:MSM) Dividend Will Be Increased To $0.85

Simply Wall St.11-04

The board of MSC Industrial Direct Co., Inc. (NYSE:MSM) has announced that it will be paying its dividend of $0.85 on the 27th of November, an increased payment from last year's comparable dividend. ...

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(NYSE:MSM) has announced that it will be paying its dividend of $0.85 on the 27th of November, an increased payment from last year's comparable dividend. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/msc-industrial-directs-nyse-msm-124651034.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://finance.yahoo.com/news/msc-industrial-directs-nyse-msm-124651034.html","article_id":"2480300100","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ZGEeCFy6R_x33CuSSs1QVg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/67199089f87ca6ea8b33765175d6b1ff"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480300100","pubTimestamp":1730724411,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The board of MSC Industrial Direct Co., Inc.  has announced that it will be paying its dividend of $0.85 on the 27th of November, an increased payment from last year's comparable dividend. This makes the dividend yield 4.2%, which is above the industry average.MSC Industrial Direct's Projected Earnings Seem Likely To Cover Future Distributions. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Before this announcement, MSC Industrial Direct was paying out 73% of earnings, but a comparatively small 61% of free cash flows. Since the dividend is just paying out cash to shareholders, we care more about the cash payout ratio from which we can see plenty is being left over for reinvestment in the business.Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. Given that earnings are not gr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","BK4104":"贸易公司与经销商","MSM":"MSC Industrial Direct Co","BK4575":"芯片概念","MSC":"新濠影汇","NYSE":"纽交所"},"translate_title":"MSC Industrial Direct(NYSE：MSM)的股息将增加至0.85美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSC":1,"MSM":1,"NYSE":1},"content_text":"The board of MSC Industrial Direct Co., Inc. (NYSE:MSM) has announced that it will be paying its dividend of $0.85 on the 27th of November, an increased payment from last year's comparable dividend. This makes the dividend yield 4.2%, which is above the industry average. \n See our latest analysis for MSC Industrial Direct \nMSC Industrial Direct's Projected Earnings Seem Likely To Cover Future Distributions\n We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Before this announcement, MSC Industrial Direct was paying out 73% of earnings, but a comparatively small 61% of free cash flows. Since the dividend is just paying out cash to shareholders, we care more about the cash payout ratio from which we can see plenty is being left over for reinvestment in the business. \n Looking forward, earnings per share is forecast to rise by 15.5% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 68% by next year, which is in a pretty sustainable range. \n\n\n\n  NYSE:MSM Historic Dividend November 4th 2024\n \n\nMSC Industrial Direct Has A Solid Track Record\n The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2014, the annual payment back then was $1.32, compared to the most recent full-year payment of $3.40. This means that it has been growing its distributions at 9.9% per annum over that time. Companies like this can be very valuable over the long term, if the decent rate of growth can be maintained. \nDividend Growth May Be Hard To Achieve\n Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Unfortunately things aren't as good as they seem. It's not great to see that MSC Industrial Direct's earnings per share has fallen at approximately 2.4% per year over the past five years. If the company is making less over time, it naturally follows that it will also have to pay out less in dividends. Earnings are forecast to grow over the next 12 months and if that happens we could still be a little bit cautious until it becomes a pattern. \nIn Summary\n Overall, it's great to see the dividend being raised and that it is still in a sustainable range. While the payments look sustainable for now, earnings have been shrinking so the dividend could come under pressure in the future. The dividend looks okay, but there have been some issues in the past, so we would be a little bit cautious. \n Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. Given that earnings are not growing, the dividend does not look nearly so attractive. Very few businesses see earnings consistently shrink year after year in perpetuity though, and so it might be worth seeing what the 10 analysts we track are forecasting for the future. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480300100"}