MSC Industrial Supply declares regular quarterly dividend
MELVILLE, NY and DAVIDSON, North Carolina, June 29, 2021 / PRNewswire / – MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a leading distributor of metalworking and maintenance, repair and operation (MRO) products and services, today announced that its board of directors has declared a cash dividend of $ 0.75 per share. the $ 0.75 the dividend is payable on July 27, 2021 to shareholders of record at the close of business on July 13, 2021. The ex-dividend date is July 12, 2021.
About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE: MSM) is a leading North American distributor of metalworking and maintenance, repair and operation (MRO) products and services. We help our clients increase their productivity, profitability and growth with approximately 1.9 million products, inventory management and other supply chain solutions, as well as deep expertise from 80 years of collaboration. with clients from all sectors. Our experienced team of more than 6,200 associates is dedicated to working side-by-side with our clients to help drive results for their businesses – from maintaining efficient operations today to continuous redesign, retooling and optimization for a more productive future. For more information on MSC, please visit mscdirect.com.
Caution regarding forward-looking statements
Statements in this press release may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, that deal with business, events or developments that we expect, believe or anticipate will or may occur in the future, including statements about the future impact of COVID-19 on our business operations, results of operations and financial condition, expected future results, the expected benefits of our investment and strategic plans and other initiatives, and the growth, profitability and return on invested capital, are forward-looking statements. The words “will”, “may”, “believes”, “anticipates”, “thinks”, “expects”, “estimates”, “plans”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this press release does not constitute an admission by MSC Industrial or any other person that the events or circumstances described in this statement are material. Factors that could cause actual results to differ materially from forward-looking statements are as follows, many of which are and will be magnified by the COVID-19 pandemic: The effects of the COVID-19 pandemic, including any resurgence future, on our business activities, results of operations and financial condition; the general economic conditions of the markets in which we operate; change the combinations of customers and products; competition, including the adoption by competitors of aggressive pricing strategies and sales methods; industry consolidation and other changes in the industrial distribution sector; our ability to realize the expected benefits of our investment and strategic plans, including our transition from a cash purchase supplier to a critical partner; our ability to realize the cost savings and benefits expected from our restructuring activities and structural cost reductions; retention of key personnel, qualified sales and customer service personnel and metallurgical specialists; volatility of commodity and energy prices; the outcome of future governmental or regulatory proceedings or litigation; the credit risk of our customers; risk of cancellation or rescheduling of orders by the customer; difficulties in calibrating customer demand for our products, in particular personal protective equipment or “PPE” products, which could make it impossible to sell surplus products ordered from manufacturers leading to stock depreciation or could on the contrary cause stockouts of these products; work stoppages or other business interruptions (including those due to extreme weather conditions) at transportation hubs, shipping ports, our head office or customer processing centers; disruptions or violations of our information systems, or violations of data privacy laws; risk of loss of key suppliers, key brands or supply chain disruptions; changes in trade policies, including the impact of significant restrictions or tariffs; risks associated with opening or expanding our customer processing centers; the risk of litigation due to the nature of our business; risks associated with the integration of acquired businesses or other strategic transactions; financial restrictions on outstanding loans; our ability to maintain our credit facilities; the uncertainty of interest rates due to the LIBOR reform; failure to comply with applicable environmental, health and safety laws and regulations; the ability to estimate the cost of health care claims incurred under our self-insurance plan; and goodwill and intangible assets recognized as a result of our acquisitions could be impaired. Additional information regarding these and other risks is described under the sections “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our annual and quarterly reports on Forms 10-K and 10-Q, respectively, and in other reports and documents that we file with the United States Securities and Exchange Commission. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.
SOURCE MSC Industrial Supply Co.