Global Industrial Company (GIC) to Issue Quarterly Dividend of $0.28 on May 26th

Global Industrial Company (NYSE:GIC – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.28 per share on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, May 18th.

Global Industrial has decreased its dividend payment 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 payout ratio of 60.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Global Industrial to earn $2.21 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 50.7%.

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Global Industrial Price Performance

Shares of GIC opened at $28.91 on Friday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 14.98, a PEG ratio of 0.96 and a beta of 0.83. Global Industrial has a one year low of $25.61 and a one year high of $38.79. The business has a fifty day moving average of $31.67 and a 200 day moving average of $30.65.

Global Industrial (NYSE:GIC – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $350.40 million during the quarter, compared to the consensus estimate of $344.13 million. Global Industrial had a net margin of 5.33% and a return on equity of 23.53%. Analysts expect that Global Industrial will post 1.89 EPS for the current fiscal year.

About Global Industrial

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Global Industrial Company (NYSE: GIC) is a leading business-to-business distributor of industrial products and equipment. Headquartered in Port Washington, New York, the company provides a comprehensive range of products to support manufacturing, warehousing, and facility maintenance operations across North America. Through a digital-first platform, Global Industrial combines e-commerce, direct sales and catalog-based ordering channels to serve a diverse commercial customer base.

The company’s product portfolio encompasses material handling solutions (including conveyors, pallet racks and hoists), storage and shelving systems, janitorial and sanitation supplies, packaging and shipping materials, and office furniture.

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