Global Industrial Company (GIC) To Go Ex-Dividend on November 10th

Global Industrial Company (NYSE:GIC) announced a quarterly dividend on Tuesday, October 28th. Investors of record on Monday, November 10th will be paid a dividend of 0.26 per share on Monday, November 17th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 10th.

Global Industrial has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 9 years. Global Industrial has a dividend payout ratio of 56.5% indicating that 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 $1.04 annual dividend with an expected future payout ratio of 62.7%.

Global Industrial Stock Down 18.2%

Global Industrial stock opened at $28.72 on Thursday. Global Industrial has a twelve month low of $20.79 and a twelve month high of $38.79. The company’s 50-day moving average price is $36.00 and its two-hundred day moving average price is $30.56. The stock has a market cap of $1.10 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.12 and a beta of 0.87.

Global Industrial (NYSE:GIC) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $353.60 million during the quarter, compared to the consensus estimate of $357.00 million. Global Industrial had a net margin of 5.11% and a return on equity of 23.34%. Equities analysts anticipate that Global Industrial will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Global Industrial by 187.7% in the 1st quarter. CWM LLC now owns 1,614 shares of the company’s stock valued at $36,000 after purchasing an additional 1,053 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Global Industrial in the 3rd quarter valued at $79,000. US Bancorp DE boosted its stake in Global Industrial by 954.3% during the 1st quarter. US Bancorp DE now owns 3,068 shares of the company’s stock worth $69,000 after purchasing an additional 2,777 shares during the last quarter. State of Wyoming acquired a new stake in Global Industrial during the 2nd quarter worth $117,000. Finally, Quantbot Technologies LP raised its holdings in shares of Global Industrial by 25.8% during the 1st quarter. Quantbot Technologies LP now owns 4,548 shares of the company’s stock worth $102,000 after acquiring an additional 934 shares during the period. Hedge funds and other institutional investors own 31.19% of the company’s stock.

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.