Global Industrial (GIC) To Go Ex-Dividend on March 10th

Global Industrial (NYSE:GIC) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 0.26 per share on Monday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Global Industrial’s previous quarterly dividend of $0.25.

Global Industrial has raised its dividend payment by an average of 16.0% per year over the last three years. Global Industrial has a payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Global Industrial to earn $1.66 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 60.2%.

Global Industrial Stock Down 0.5 %

Global Industrial stock opened at $24.16 on Thursday. Global Industrial has a 52 week low of $23.09 and a 52 week high of $46.97. The firm’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $28.70. The firm has a market capitalization of $923.66 million, a PE ratio of 14.21, a P/E/G ratio of 0.93 and a beta of 0.87.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The business had revenue of $302.30 million during the quarter, compared to analysts’ expectations of $306.07 million. On average, research analysts expect that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Company Profile

Global Industrial Company operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in North America. It offers storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, foodservice and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.