Global Industrial Announces Quarterly Dividend of $0.25 (NYSE:GIC)

Global Industrial (NYSE:GIC) declared a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Shareholders 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 yield of 3.70%. The ex-dividend date is Friday, November 8th.

Global Industrial has increased its dividend by an average of 12.6% per year over the last three years. Global Industrial has a payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Global Industrial to earn $1.87 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 53.5%.

Global Industrial Trading Up 1.8 %

NYSE GIC opened at $27.00 on Wednesday. The firm has a market capitalization of $1.03 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.03 and a beta of 0.86. Global Industrial has a 12 month low of $25.00 and a 12 month high of $46.97. The business’s 50-day moving average price is $32.54 and its two-hundred day moving average price is $33.44.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.14). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The business had revenue of $342.40 million for the quarter, compared to the consensus estimate of $353.44 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, analysts forecast that Global Industrial will post 1.62 earnings per share for the current fiscal 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.