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

Global Industrial (NYSE:GIC) declared 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 3.36%. The ex-dividend date is Friday, November 8th.

Global Industrial has raised its dividend by an average of 12.6% per year over the last three years. Global Industrial has a dividend payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of GIC opened at $29.77 on Thursday. The stock has a 50-day moving average of $32.34 and a 200-day moving average of $33.32. Global Industrial has a one year low of $25.00 and a one year high of $46.97. The company has a market cap of $1.14 billion, a PE ratio of 17.51, a P/E/G ratio of 1.03 and a beta of 0.86.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.14). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The firm had revenue of $342.40 million for the quarter, compared to the consensus estimate of $353.44 million. During the same quarter in the prior year, the firm earned $0.54 EPS. Analysts expect that Global Industrial will post 1.62 EPS 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.