MSC Industrial Direct Dividend Stock Analysis

MSC Industrial Direct Co. (MSM) distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom.

MSC Industrial Direct is a dividend achiever with a 16-year track record of annual dividend increases. The last dividend increase occurred in July 2019, when the company raised its dividend by 19% to 75 cents/share. Two of MSC Industrial Direct’s competitors include W.W. Grainger (GWW) and Fastenal (FAST).

The company has managed to grow earnings per share at a decent clip over the past decade. Earnings per share went up from $3.05 in 2008 to $5.80 in 2018. The company is expected to earn $5.24/share in 2019. I like the consistency of earnings per share over the past decade.

 

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