MSC Industrial Direct Co: Dividend Insights
Portfolio Pulse from Benzinga Insights
MSC Industrial Direct Co (NYSE:MSM) announced a quarterly dividend of 83 cents per share, with the ex-dividend date set for Monday. Shareholders owning MSM stock by the end of Friday are eligible for the dividend, which will be paid on January 23, 2024. The stock is expected to open 83 cents lower on Monday due to the dividend payout.
January 03, 2024 | 2:45 pm
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NEGATIVE IMPACT
MSC Industrial Direct Co will pay a quarterly dividend of 83 cents per share, with shares likely to open lower on the ex-dividend date to reflect the payout.
The stock price of MSM is likely to decrease in the short term by the amount of the dividend as the stock goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The relevance is high as the news directly pertains to MSM's dividend policy. The importance is significant for dividend investors and those tracking the stock's price movements. The confidence level is high due to the predictable nature of stock price adjustments on ex-dividend dates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100