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| Ex-Dividend Reminder: MSC Industrial Direct, Timken and PaychexBy Dividend Channel Staff, Thursday, November 9, 11:29 AM ET
On 11/13/23, MSC Industrial Direct Co Inc (NYSE:MSM), Timken Co. (NYSE:TKR), and Paychex Inc (NASDAQ:PAYX) will all trade ex-dividend for their respective upcoming dividends. MSC Industrial Direct Co Inc will pay its quarterly dividend of $0.83 on 11/28/23, Timken Co. will pay its quarterly dividend of $0.33 on 11/29/23, and Paychex Inc will pay its quarterly dividend of $0.89 on 11/28/23. As a percentage of MSM's recent stock price of $97.47, this dividend works out to approximately 0.85%, so look for shares of MSC Industrial Direct Co Inc to trade 0.85% lower — all else being equal — when MSM shares open for trading on 11/13/23. Similarly, investors should look for TKR to open 0.46% lower in price and for PAYX to open 0.78% lower, all else being equal. Below are dividend history charts for MSM, TKR, and PAYX, showing historical dividends prior to the most recent ones declared. MSC Industrial Direct Co Inc (NYSE:MSM): Timken Co. (NYSE:TKR): Paychex Inc (NASDAQ:PAYX): In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.41% for MSC Industrial Direct Co Inc, 1.84% for Timken Co., and 3.12% for Paychex Inc. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, MSC Industrial Direct Co Inc shares are currently up about 0.4%, Timken Co. shares are up about 1.1%, and Paychex Inc shares are off about 0.1% on the day.
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