A summary analysis of MSC Industrial Direct (MSC), Fastenal (FAST), and W.W. Grainger (GWW) with a focus on their suitability as dividend growth stocks for further evaluation. All three stocks just raised their dividends. MSC Industrial has raised the dividend for 16 straight years, Fastenal has raised the dividend for 22 years, and Grainger has raised the dividend for 47 years. Grainger is a Dividend Aristocrat and will likely become a Dividend King.
This article was first published at Dividend Power on July 24, 2019.
Disclosure: I am/we are long MSM.