Wesco International Announces Quarterly Dividend Payment Details
Wesco International Declares a Quarterly Dividend
The Board of Directors of Wesco International (NYSE: WCC) recently announced a quarterly cash dividend that showcases the company's ongoing commitment to delivering shareholder value. The dividend was set at $0.45375 per share, a reflection of Wesco's strong financial position and operational efficiency.
Dividend Payment Schedule
This cash dividend will be distributed to holders of the company’s common stock, payable on June 30 of this year. To qualify for this dividend, shareholders must be on record by the end of business on June 13. This structured timeline highlights Wesco's dedication to maintaining regular communication and financial responsibility with its investors.
Overview of Wesco International
Wesco International stands as a leader in the global distribution of electrical, communications, and utility solutions. With approximately $22 billion in annual sales anticipated for 2024, Wesco is not just a provider but an integral partner in the supply chain landscape. The company operates over 700 locations, including distribution and fulfillment centers across nearly 50 countries, ensuring that they meet diverse customer needs effectively and efficiently.
Extensive Service Portfolio
Within its robust portfolio, Wesco offers a variety of solutions including Electrical and Electronic Solutions, as well as Communications and Security Solutions. These offerings enable them to cater to a wide range of sectors—commercial industries, government institutions, contractors, technology firms, and utilities—demonstrating their versatility and extensive reach in the industry.
Wesco's Global Commitment
Employing around 20,000 professionals, Wesco places significant emphasis on collaboration with top suppliers, ensuring that their customers receive innovative solutions that adapt to changing market demands. The company’s extensive range of products, combined with their end-to-end supply chain services and advanced digital capabilities, positions them as a comprehensive provider in multiple markets.
Company's Global Presence and Future Growth
Wesco International not only focuses on localizing services to meet the requirements of its customers but also leverages a global network that allows them to support multi-location businesses and large corporations effectively. This approach not only enhances their service capabilities but also reinforces their position in the market as a dependable partner for achieving business objectives.
Contact Information
For more details regarding the dividend or any inquiries regarding the company, individuals can reach out through the following contacts:
Investor Relations
Scott Gaffner, CFA
Senior Vice President, Investor Relations
Phone: 980-346-2233
Corporate Communications
Jennifer Sniderman
Vice President, Corporate Communications
Phone: 717-579-6603
Frequently Asked Questions
What was the recent dividend declared by Wesco International?
Wesco International declared a quarterly cash dividend of $0.45375 per share.
When is the dividend payment scheduled?
The dividend is scheduled to be paid on June 30 to shareholders on record as of June 13.
How does Wesco International maintain its financial health?
Wesco maintains financial health through its diverse product offerings and strategic partnerships across various industries.
What is the projected annual sales for Wesco in 2024?
Wesco International anticipates approximately $22 billion in annual sales for 2024.
Who can investors contact for more information?
Investors can contact Scott Gaffner in Investor Relations or Jennifer Sniderman in Corporate Communications for additional information.
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