Global Industrial (NYSE:GIC) Declares $0.25 Quarterly Dividend

Global Industrial (NYSE:GIC) announced a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.25 per share on Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, November 8th.

Global Industrial has raised its dividend payment by an average of 12.6% annually over the last three years. Global Industrial has a dividend payout ratio of 45.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Global Industrial to earn $2.22 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 45.0%.

Global Industrial Trading Down 20.3 %

NYSE:GIC traded down $6.72 during mid-day trading on Wednesday, hitting $26.33. 545,986 shares of the company’s stock traded hands, compared to its average volume of 75,818. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. The firm has a 50 day moving average of $32.97 and a two-hundred day moving average of $33.79. Global Industrial has a 12 month low of $25.00 and a 12 month high of $46.97.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Global Industrial had a return on equity of 26.82% and a net margin of 5.16%. The company had revenue of $347.80 million during the quarter, compared to analysts’ expectations of $348.84 million. During the same period in the prior year, the business earned $0.56 earnings per share. As a group, equities research analysts expect that Global Industrial will post 1.94 earnings per share for the current 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.