Global Industrial (NYSE:GIC) Increases Dividend to $0.26 Per Share

Global Industrial (NYSE:GIC - Get Free Report) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.26 per share on Monday, March 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Monday, March 10th. This is a boost from Global Industrial's previous quarterly dividend of $0.25.

Global Industrial has increased its dividend by an average of 16.0% annually over the last three years. Global Industrial has a dividend payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Global Industrial to earn $1.66 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 60.2%.

Global Industrial Trading Up 0.6 %

Shares of GIC traded up $0.15 during trading hours on Friday, hitting $23.43. The company had a trading volume of 109,219 shares, compared to its average volume of 113,406. Global Industrial has a one year low of $23.09 and a one year high of $46.97. The company has a market capitalization of $897.63 million, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The company's fifty day moving average price is $24.53 and its two-hundred day moving average price is $28.57.

Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The company had revenue of $302.30 million for the quarter, compared to analyst estimates of $306.07 million. Analysts forecast that Global Industrial will post 1.59 earnings per share for the current 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.