WESCO International, Inc. Announces Quarterly Dividend of $0.50 (NYSE:WCC)

WESCO International, Inc. (NYSE:WCC) declared a quarterly dividend on Thursday, August 27th. Shareholders of record on Friday, September 11th will be given a dividend of 0.50 per share by the technology company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, September 11th.

WESCO International has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect WESCO International to earn $19.47 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 10.3%.

WESCO International Stock Performance

WESCO International stock opened at $351.00 on Friday. The firm has a market capitalization of $17.10 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.07 and a beta of 1.54. The stock has a fifty day moving average price of $342.60 and a two-hundred day moving average price of $323.90. WESCO International has a 52-week low of $203.40 and a 52-week high of $385.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the company earned $3.83 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, analysts anticipate that WESCO International will post 16.77 EPS for the current fiscal year.

Insider Activity

In other WESCO International news, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the transaction, the director owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the transaction, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On WESCO International

A number of institutional investors and hedge funds have recently made changes to their positions in WCC. Trust Point Inc. boosted its holdings in WESCO International by 4.5% in the second quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock valued at $266,000 after acquiring an additional 33 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in WESCO International by 2.2% during the 2nd quarter. Sheets Smith Wealth Management now owns 1,565 shares of the technology company’s stock worth $541,000 after purchasing an additional 34 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after purchasing an additional 51 shares during the last quarter. Bessemer Group Inc. lifted its position in WESCO International by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock valued at $606,000 after purchasing an additional 51 shares during the period. Finally, Lazard Asset Management LLC lifted its position in WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after purchasing an additional 54 shares during the period. Institutional investors own 93.75% of the company’s stock.

About WESCO International

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value?added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.