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

Global Industrial Company (NYSE:GIC) announced a quarterly dividend on Tuesday, October 28th. Stockholders of record on Monday, November 10th will be paid a dividend of 0.26 per share on Monday, November 17th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, November 10th.

Global Industrial has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 9 years. Global Industrial has a dividend payout ratio of 56.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Global Industrial to earn $1.66 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 62.7%.

Global Industrial Stock Up 0.1%

NYSE GIC opened at $27.35 on Friday. The company has a market capitalization of $1.05 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.92 and a beta of 0.93. Global Industrial has a 12-month low of $20.79 and a 12-month high of $38.79. The firm has a 50-day moving average price of $34.73 and a two-hundred day moving average price of $30.80.

Global Industrial (NYSE:GIC) last released its earnings results on Tuesday, October 28th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $353.60 million for the quarter, compared to the consensus estimate of $357.00 million. Global Industrial had a net margin of 5.11% and a return on equity of 22.85%. Equities analysts expect that Global Industrial will post 1.59 EPS for the current year.

About Global Industrial

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.