Global Industrial Announces Regular Quarterly Dividend and $1.00 Special Cash Dividend
Global Industrial (GIC) has declared a quarterly dividend of $0.28 per share, maintaining its previous payout level. Additionally, the company announced a special cash dividend of $1.00 per share. The ex-dividend date is set for November 16, with payments scheduled for November 23. The announcement follows a strong third quarter where Global Industrial reported GAAP earnings per share (EPS) of $0.64, exceeding analyst expectations by $0.13. Revenue also outperformed estimates, reaching $389.5 million. Despite these results, the company noted potential headwinds in Q4 due to rising transportation costs, though it expects gross margins to remain consistent with last year's 34.5%.
Tickers: $GIC
Topics: dividends gross margin quarterly earnings revenue
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