Wesco Declares Quarterly Dividend on Common Stock and Preferred Stock

Rhea-AI Summary

Wesco International (NYSE: WCC) has declared quarterly cash dividends on its common and preferred stock. The Board of Directors announced a $0.4125 per share dividend on common stock, payable on September 30, 2024, to shareholders of record as of September 13, 2024. Additionally, a dividend of $664.0625 per preferred share ($0.6640625 per depository share) was declared on the 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period July 1, 2024, through September 30, 2024, with the same payment and record dates.

Wesco, a FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, reported annual sales exceeding $22 billion. The company specializes in business-to-business distribution, logistics services, and supply chain solutions across various sectors, employing approximately 20,000 people and operating nearly 800 branches in over 50 countries.

Positive

• Declared quarterly cash dividend of $0.4125 per share on common stock
• Declared quarterly cash dividend of $664.0625 per preferred share
• Annual sales exceeding $22 billion
• Operates in over 50 countries with nearly 800 branches

Negative

• None.

News Market Reaction – WCC

+1.57%

+1.57% Session move

In the trading session that priced this news, WCC gained 1.57%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PITTSBURGH, Aug. 29, 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 September 30, 2024 to the holders of record of the common stock at the close of business on September 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 July 1, 2024 through September 30, 2024. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on September 30, 2024 to holders of record at the close of business on September 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 more than $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	Corporate Communications
Will Ruthrauff Director, Investor Relations 484-885-5648	Jennifer Sniderman Vice President, Corporate Communications 717-579-6603

 

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SOURCE Wesco International

FAQ

What is the amount of Wesco's (WCC) quarterly dividend on common stock for September 2024?

Wesco International (WCC) has declared a quarterly cash dividend of $0.4125 per share on its common stock for September 2024.

When is the payment date for Wesco's (WCC) latest declared dividend?

The payment date for Wesco's (WCC) latest declared dividend is September 30, 2024, for both common and preferred stock.

What is the dividend amount for Wesco's (WCC) preferred stock?

Wesco (WCC) declared a dividend of $664.0625 per preferred share, or $0.6640625 per depository share, on its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock.

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

The record date for Wesco's (WCC) September 2024 dividend is September 13, 2024, for both common and preferred stock.