MSC Industrial Direct (NYSE: MSM) is continuing to put some of its money directly in the hands of its shareholders. The company has declared a fresh quarterly dividend of $0.30 per share. This will be paid on July 23 to shareholders of record as of July 9. That amount matches each of the firm's previous three distributions, the most recent of which was handed out at the end of April. Prior to that, the industrial supply firm dispensed $0.25 per share.

The just-declared distribution annualizes to $1.20 per share. That yields 1.6% at MSC Industrial Direct's most recent closing stock price of $77.41.

Fool contributor Eric Volkman has no position in MSC Industrial Direct. The Motley Fool recommends and owns shares of MSC Industrial Direct. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.