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

Global Industrial (NYSE:GIC) declared a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Stockholders of record on Monday, November 11th will be given 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 increased its dividend by an average of 12.6% per year over the last three years. Global Industrial has a dividend payout ratio of 45.0% meaning its dividend is sufficiently covered by earnings. 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 %

GIC stock traded down $6.72 during mid-day trading on Wednesday, hitting $26.33. The stock had a trading volume of 545,986 shares, compared to its average volume of 75,818. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.08 and a beta of 0.83. The company has a fifty day moving average of $32.97 and a 200 day moving average of $33.79. Global Industrial has a 1-year low of $25.00 and a 1-year high of $46.97.

Global Industrial (NYSE:GIC) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. The business had revenue of $347.80 million for the quarter, compared to the consensus estimate of $348.84 million. Global Industrial had a net margin of 5.16% and a return on equity of 26.82%. During the same quarter last year, the firm earned $0.56 EPS. As a group, sell-side analysts expect that Global Industrial will post 1.94 earnings per share for the current fiscal 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.