MSC Industrial Direct Co (MSM) will raise its quarterly dividend by 7.5 percent to $0.43 per share in the fourth quarter of 2015. This follows double digit dividend increases in the previous five years by the metalworking distributor.

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.

MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The company serves customers throughout the United States, Canada and the United Kingdom. Its products include abrasives, fasteners, hand tools, power tools, plumbing tools, tapes and adhesives, HVAC equipment, lubricants and welding products. MSM initiated its quarterly dividend in 2003.