MSC Industrial Supply Boosts Quarterly Cash Dividend From $0.83 To $0.85 Per Share
Portfolio Pulse from Benzinga Newsdesk
MSC Industrial Supply has announced an increase in its quarterly cash dividend from $0.83 to $0.85 per share, payable on November 27, 2024, to shareholders of record as of November 13, 2024.
October 10, 2024 | 9:03 pm
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MSC Industrial Supply has increased its quarterly dividend from $0.83 to $0.85 per share, indicating a positive outlook and potential shareholder value.
The increase in dividend suggests that MSC Industrial Supply is confident in its financial stability and future cash flows, which is generally perceived positively by investors. This could lead to a short-term increase in stock price as it may attract income-focused investors.
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