NEW YORK ( TheStreet) -- The ex-dividend date for MSC Industrial Direct (NYSE: MSM) is tomorrow, July 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $70.34 as of 9:31 a.m. ET, the dividend yield is 1.3%.

The average volume for MSC Industrial Direct has been 298,000 shares per day over the past 30 days. MSC Industrial Direct has a market cap of $3.3 billion and is part of the services sector and wholesale industry. Shares are up 7.8% year to date as of the close of trading on Wednesday.

MSC Industrial Direct Co., Inc., together with its subsidiaries, operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) products to industrial customers in the United States. The company has a P/E ratio of 21.7, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates MSC Industrial Direct as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth, impressive record of earnings per share growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full MSC Industrial Direct Ratings Report.

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