NEW YORK ( TheStreet) -- The ex-dividend date for MSC Industrial Direct (NYSE: MSM) is tomorrow, April eight, 2011. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $74.36 as of 11:32 a.m. ET, the dividend yield is 1.3%.

The average volume for MSC Industrial Direct has been 276,900 shares per day over the past 30 days. MSC Industrial Direct has a market cap of $3.2 billion and is part of the services sector and wholesale industry. Shares are up 16% year to date as of the close of trading on Wednesday.

MSC Industrial Direct Co., Inc. (MSC), together with its subsidiaries, operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) supplies to industrial customers throughout the United States. The company has a P/E ratio of 26.9, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates MSC Industrial Direct as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full MSC Industrial Direct Ratings Report.

See our dividend calendar or top-yielding stocks list.

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