MELVILLE, N.Y. and DAVIDSON, N.C., Oct.
21, 2015 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY
CO. (NYSE: MSM),"MSC" or the "Company," a premier distributor
of Metalworking and Maintenance, Repair and Operations ("MRO")
supplies to industrial customers throughout North America, today announced that its Board
of Directors has declared a cash dividend of $0.43 per share, representing a 7.5% increase
from $0.40 per share, in the regular
quarterly dividend. The $0.43
dividend is payable on November 24,
2015 to shareholders of record at the close of business on
November 10, 2015. The ex-dividend
date is November 6, 2015.
About MSC Industrial Supply Co.
MSC Industrial
Supply Co. (NYSE:MSM) is a leading North American distributor of
metalworking and maintenance, repair, and operations (MRO) products
and services. We help our customers drive greater productivity,
profitability and growth with more than 1 million products,
inventory management and other supply chain solutions, and deep
expertise from 75 years of working with customers across
industries.
Our experienced team of over 6,500 associates is dedicated to
working side by side with our customers to help drive results for
their businesses - from keeping operations running efficiently
today to continuously rethinking, retooling, and optimizing for a
more productive tomorrow.
For more information on MSC, please
visit www.mscdirect.com
Note Regarding Forward-Looking Statements: Statements in
this Press Release may constitute "forward-looking statements"
under the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact, that address
activities, events or developments that we expect, believe or
anticipate will or may occur in the future, including statements
about expected future results, expected benefits from our
investment and strategic plans, and expected future margins, are
forward-looking statements. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ
materially from those anticipated by these forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. The inclusion of any statement in this release does not
constitute an admission by MSC or any other person that the events
or circumstances described in such statement are material. Factors
that could cause actual results to differ materially from those in
forward-looking statements include: problems with successfully
integrating acquired operations, unanticipated delays or costs
associated with expanding our customer fulfillment centers,
current economic, political and social conditions, changing
customer and product mixes, financial restrictions on outstanding
borrowings, industry consolidation, the loss of key suppliers or
supply chain disruptions, competition, general economic conditions
in the markets in which we operate, volatility in commodity and
energy prices, credit risk of our customers, risk of cancellation
or rescheduling of orders, work stoppages or other business
interruptions (including those due to extreme weather conditions)
at transportation centers or shipping ports, the risk of war,
terrorism and similar hostilities, dependence on our information
systems and the risk of business disruptions arising from changes
to our information systems, disruptions due to computer system or
network failures, computer viruses, physical or electronics
break-ins and cyber-attacks, dependence on key personnel, goodwill
and intangible assets recorded as a result of our acquisitions
could be impaired, disclosing our use of "conflict minerals" in
certain of the products we distribute could raise reputational and
other risks, and the outcome of potential government or regulatory
proceedings or future litigation relating to pending or future
claims, inquiries or audits. Additional information concerning
these and other risks is described under "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in the reports on Forms 10-K and 10-Q that
we file with the U.S. Securities and Exchange Commission. We assume
no obligation to update any of these forward-looking
statements.
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SOURCE MSC Industrial Supply Co.