MSC Industrial Direct Stock To Go Ex-dividend Tomorrow (MSM)

NEW YORK ( TheStreet) -- The ex-dividend date for MSC Industrial Direct (NYSE: MSM) is tomorrow, July 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $65.24 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for MSC Industrial Direct has been 602,800 shares per day over the past 30 days. MSC Industrial Direct has a market cap of $3.06 billion and is part of the services sector and wholesale industry. Shares are down 8.6% year to date as of the close of trading on Tuesday.

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 16.6, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates MSC Industrial Direct as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full MSC Industrial Direct Ratings Report.

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