Wesco International Announces Quarterly Dividend for Shareholders
Wesco International Declares Quarterly Dividend for Shareholders
Wesco International (NYSE: WCC) has recently announced a quarterly cash dividend for its common stockholders. The Board of Directors has declared a dividend payment of $0.4125 per share. This payment will benefit all issued and outstanding shares, reflecting Wesco's commitment to providing value to its investors.
Dividend Payment Schedule
The dividend will be payable on December 31, 2024, to the stockholders on record as of the close of business on December 13, 2024. This timely announcement allows shareholders to plan accordingly and reinforces confidence in the company's financial health.
Preferred Stock Dividend Declaration
In addition to the common stock dividend, Wesco's Board of Directors has also declared cash dividends on its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock. Shareholders will receive dividends for the period from October 1, 2024, to December 31, 2024, amounting to $664.0625 per preferred share or $0.6640625 per depository share. Similar to the common stock, this dividend payment is also scheduled for December 31, 2024, for those on record by December 13, 2024.
Commitment to Shareholders
Wesco's ongoing commitment to shareholder returns demonstrates its solid financial position and dedication to enhancing investor value. The decision to declare dividends on both common and preferred shares signifies the company's consistent profitability and strong cash flow generation.
About Wesco International
Wesco International is a prominent global provider of business-to-business distribution, logistics services, and supply chain solutions. Headquartered in Pittsburgh, the company is recognized as a FORTUNE 500 entity, boasting annual sales figures of approximately $22 billion. Wesco is dedicated to building, connecting, powering, and protecting the world, serving thousands of customers across various sectors, including commercial and industrial businesses, government agencies, and utilities.
Diverse Product and Service Offerings
Wesco's extensive product and service portfolio encompasses Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. With nearly 800 branches and warehouses in over 50 countries, Wesco is well-equipped to deliver innovative solutions tailored to meet customer needs effectively.
Contact Information
If you have any inquiries, please reach out to the Investor Relations department: Will Ruthrauff, Director, at 484-885-5648, or Corporate Communications: Jennifer Sniderman, Vice President, at 717-579-6603.
Frequently Asked Questions
What is the amount of the declared dividend for shareholders?
The declared dividend for common stockholders is $0.4125 per share.
When is the dividend payment scheduled?
The dividend payment is scheduled for December 31, 2024.
What dividends have been announced for preferred stockholders?
The preferred stockholders will receive dividends amounting to $664.0625 per preferred share for the specified period.
How can shareholders verify their eligibility for dividends?
Eligible shareholders must be on record as of the close of business on December 13, 2024, to receive dividends.
What are the primary services offered by Wesco International?
Wesco offers a wide range of services, including Electrical and Electronic Solutions, Communications Solutions, and Supply Chain Solutions.
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