Wesco International Declares Quarterly Dividend for Shareholders
The Board of Directors of Wesco International (NYSE: WCC) has announced the declaration of its quarterly cash dividend on all shares of common stock. This dividend amounts to $0.45375 per share, reflecting the company’s ongoing commitment to enriching shareholder value. The dividend is set to be paid on a specified date to all holders of record of common stock.
Details of the Dividend Payment
The dividend is payable, allowing shareholders to benefit from the company’s performance. Wesco maintains a focus on providing consistent returns, demonstrating strong fiscal management and operational success. Shareholders can expect to receive this dividend soon, ensuring their continued investment in the company is rewarded.
Preferred Stock Dividend Announcement
In addition to the common stock dividend, Wesco's Board has declared cash dividends on its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock. This dividend is for the period from January 1 to March 31, and it is valued at $664.0625 per preferred share. This commitment to preferred shareholders shows Wesco's robust financial health and strategic focus on enhancing shareholder equity.
About Wesco International
Wesco International (NYSE: WCC) is a leader in the distribution and logistics sector. It prides itself on building, connecting, powering, and protecting the world. This FORTUNE 500 company, with approximately $22 billion in annual sales for 2024, provides a comprehensive range of distribution services, logistics solutions, and supply chain management.
Wesco's Product and Service Portfolio
The company boasts a best-in-class product and services portfolio that includes Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. With a workforce of around 20,000 employees, Wesco partners with premier suppliers to deliver unmatched services to thousands of customers globally.
Global Presence and Operations
Wesco operates a robust network that includes more than 700 sites, comprising distribution centers, fulfillment centers, and sales offices located across approximately 50 countries. This extensive presence allows Wesco to provide local service while also leveraging its global capabilities to better serve multinational corporations.
Innovative Solutions for Diverse Needs
Wesco offers millions of products and end-to-end supply chain services tailored for commercial and industrial businesses, contractors, educational institutions, government agencies, technology providers, telecommunications companies, and utilities. With leading digital capabilities, Wesco is poised to innovate solutions that effectively meet customer needs.
Contact Information
Investor Relations
Will Ruthrauff
Director, Investor Relations
484-885-5648
Corporate Communications
Jennifer Sniderman
Vice President, Corporate Communications
717-579-6603
Frequently Asked Questions
What is the dividend amount declared for common stock?
The declared dividend for common stock is $0.45375 per share.
When will the dividend for common stock be paid?
The dividend will be payable on the specified date in March to the shareholders on record.
What is Wesco International's main area of business?
Wesco International specializes in distribution, logistics, and supply chain solutions across various sectors.
How many employees does Wesco International have?
Wesco has approximately 20,000 employees, all focused on delivering exceptional value to customers.
How extensive is Wesco's operational network?
Wesco operates over 700 sites worldwide, including distribution and fulfillment centers in around 50 countries.
