MSC Industrial Supply Boosts Quarterly Cash Dividend By 5% From $0.79 To $0.83 Per Share
Portfolio Pulse from Benzinga Newsdesk
MSC Industrial Supply has increased its quarterly cash dividend by 5% from $0.79 to $0.83 per share. The dividend will be payable on November 28, 2023, to shareholders of record at the close of business on November 14, 2023. The ex-dividend date is November 13, 2023.
October 11, 2023 | 8:45 pm
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MSC Industrial Supply's decision to increase its quarterly cash dividend by 5% could be seen as a positive sign by investors, potentially leading to a short-term increase in the company's stock price.
Dividend increases are often viewed positively by investors as they indicate a company's strong financial health and commitment to returning capital to shareholders. This could lead to increased demand for MSM's shares, potentially driving up the stock price in the short term.
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