Melville, NY - MSC INDUSTRIAL DIRECT CO., INC., a distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout the United States, today announced that its Board of Directors has declared an accelerated quarterly cash dividend of $0.30 per share. The $0.30 dividend is payable on December 27, 2012 to shareholders of record at the close of business on December 17, 2012. This accelerated quarterly dividend is intended to be in lieu of the quarterly dividend which would have been payable in January 2013.
About MSC Industrial Direct Co., Inc. MSC Industrial Direct Co., Inc. is one of the largest distributors of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout the United States. MSC employs one of the industry's largest sales forces and distributes approximately 600,000 industrial products from approximately 3,000 suppliers. In-stock availability is approximately 99%, with next day standard delivery to the contiguous United States on qualifying orders up until 8 p.m. Eastern Time. For more information, visit MSC's website at http://www.mscdirect.com.