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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