Global Industrial Company (NYSE:GIC - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Investors of record on Monday, August 11th will be paid a dividend of 0.26 per share on Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 11th.
Global Industrial has a payout ratio of 56.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance
GIC traded down $0.84 on Friday, reaching $33.22. The company had a trading volume of 195,784 shares, compared to its average volume of 95,056. Global Industrial has a fifty-two week low of $20.79 and a fifty-two week high of $35.05. The stock has a market cap of $1.27 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.09 and a beta of 0.80. The company's fifty day moving average is $27.58 and its 200 day moving average is $25.15.
Global Industrial (NYSE:GIC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.15. Global Industrial had a net margin of 5.00% and a return on equity of 22.89%. The business had revenue of $358.90 million for the quarter, compared to analyst estimates of $351.81 million. On average, sell-side analysts expect that Global Industrial will post 1.59 EPS for the current year.
About Global Industrial
(
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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.
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