MSC Industrial (MSM) Declares $3.50 Special Dividend; 4.2% Yield

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Go back to MSC Industrial (MSM) Declares $3.50 Special Dividend; 4.2% Yield

MSC Declares Special Cash Dividend Of $3.50 Per Share

November 17, 2020 5:15 PM EST

MELVILLE, N.Y. and DAVIDSON, N.C., Nov. 17, 2020 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC" or the "Company," a premier distributor of Metalworking and Maintenance, Repair and Operations ("MRO") products and services to industrial customers throughout North America, today announced that its Board of Directors has declared a special cash dividend of $3.50 per share. The special cash dividend is payable on December 15, 2020 to shareholders of record at the close of business on December 1, 2020. The ex-dividend date is November 30, 2020. The Company will fund the approximately $195 million required for the... More