Global Industrial Raises Quarterly Dividend 7.7% to $0.28 Per Share
Global Industrial Company (NYSE: GIC), a leading distributor of industrial equipment and supplies, declared a quarterly cash dividend of $0.28 per share, marking an 11th consecutive year of dividend increases. The payout represents a 7.7% increase from the prior quarterly dividend of $0.26.
Global Industrial Company (NYSE: GIC), a leading distributor of industrial equipment and supplies, declared a quarterly cash dividend of $0.28 per share, marking an 11th consecutive year of dividend increases. The payout represents a 7.7% increase from the prior quarterly dividend of $0.26. Read more dividend announcements.
Shareholders of record at the close of business on March 9, 2026 will receive the dividend on March 16, 2026. The company said it anticipates continuing a regular quarterly dividend in the future.
| Dividend Details | Information |
|---|---|
| Amount | $0.28 per share |
| Record Date | March 9, 2026 |
| Payment Date | March 16, 2026 |
| Frequency | Quarterly |
| Previous Dividend | $0.26 per share |
| Increase | 7.7% |
Fourth Quarter Performance
The Port Washington, New York-based company reported fourth quarter 2025 sales increased 14.3%, with operating income up 35.2% and earnings per share growing 40.7%. Full year 2025 sales reached $1.38 billion, up 4.8% from the prior year, while operating income improved 21.2%.
Global Industrial generated operating cash flow of approximately $20.0 million during the fourth quarter from continuing operations. The company also repurchased approximately 326,000 shares of its common stock at an aggregate purchase price of $9.3 million during the quarter.
Financial Position
At December 31, 2025, Global Industrial had total working capital of $218.0 million, cash and cash equivalents of $67.5 million, and excess availability under its credit facility of approximately $120.5 million.
The company, which has more than 75 years of experience in the industrial distribution sector, serves organizations across a wide range of industries with industrial-strength equipment and supplies. Global Industrial trades on the New York Stock Exchange under the ticker symbol GIC.