MSC Industrial Direct Co's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MSC Industrial Direct Co (NYSE:MSM) announced it will pay a quarterly dividend of 79 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 79 cents lower. Shareholders owning MSM by the end of Friday's session will be eligible for the dividend, which will be paid out on July 25, 2023.
July 05, 2023 | 2:46 pm
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MSC Industrial Direct Co's stock is expected to open lower on Monday due to the ex-dividend date. Shareholders as of Friday's session will receive a 79 cents per share dividend on July 25, 2023.
The company's stock is expected to open lower on the ex-dividend date as the stock price adjusts to reflect the dividend payout. This is a common occurrence in the stock market. However, the dividend payout could attract more investors, potentially driving the stock price up in the long term.
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