Wesco Declares Quarterly Dividend on Common Stock and Preferred Stock

Rhea-AI Summary

Wesco International (NYSE: WCC) has announced its quarterly dividend declarations. The company will pay $0.4125 per share on common stock and $664.0625 per preferred share ($0.6640625 per depository share) on December 31, 2024. Both dividends will be paid to shareholders of record as of December 13, 2024. Wesco, a FORTUNE 500® company headquartered in Pittsburgh, generates $22 billion in annual sales and operates nearly 800 locations across 50+ countries, providing business-to-business distribution, logistics services, and supply chain solutions.

Positive

• Annual sales of $22 billion demonstrate strong market presence
• Extensive global footprint with 800 locations in 50+ countries
• Consistent dividend payments indicating financial stability
• Diverse portfolio across electrical, communications, and utility solutions

Negative

• None.

News Market Reaction – WCC

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-0.43% Session move

In the trading session that priced this news, WCC declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PITTSBURGH, Dec. 2, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE: WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on December 31, 2024 to the holders of record of the common stock at the close of business on December 13, 2024.

In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period October 1, 2024 through December 31, 2024. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on December 31, 2024 to holders of record at the close of business on December 13, 2024.

About Wesco 

Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500^® company with $22 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, educational institutions, telecommunications providers, and utilities. Wesco operates nearly 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact Information

Investor Relations
Will Ruthrauff
Director, Investor Relations
484-885-5648

Corporate Communications
Jennifer Sniderman
Vice President, Corporate Communications
717-579-6603

 

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SOURCE Wesco International

FAQ

When is Wesco's (WCC) next dividend payment date?

Wesco's next dividend payment date is December 31, 2024, for both common and preferred stockholders.

What is Wesco's (WCC) quarterly dividend amount for common stock?

Wesco's quarterly dividend for common stock is $0.4125 per share.

What is the record date for Wesco's (WCC) December 2024 dividend?

The record date for Wesco's December 2024 dividend is December 13, 2024.

How much is Wesco's (WCC) preferred stock dividend for Q4 2024?

Wesco's preferred stock dividend is $664.0625 per preferred share, or $0.6640625 per depository share.