#United States #Pittsburgh #Wesco International #NYSE WCC #quarterly dividend

Wesco International Declares Cash Dividend for Shareholders

On December 2, 2024, Wesco International (NYSE: WCC) announced a significant financial update as its Board of Directors declared a quarterly cash dividend on all common and preferred stocks. The amount set for the common stock dividend is $0.4125 per share, which is payable on December 31, 2024, to shareholders listed on record as of December 13, 2024.

In addition to the common stock dividend, the Board also confirmed the cash dividend for the company’s Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock, totaling $664.0625 per share, or $0.6640625 per depository share. Shareholders holding this type of preferred stock will receive this payment on the same date, December 31, 2024, provided they are on record by December 13, 2024.

About Wesco International

Wesco International, headquartered in Pittsburgh, Pennsylvania, operates as a critical player in the business-to-business marketplace, generating around $22 billion in annual sales. The company is recognized as a FORTUNE 500® entity, underscoring its prominence in the industry.

Wesco specializes in providing distribution and logistics services, with a comprehensive portfolio that includes Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The company effectively meshes these solutions to meet the evolving needs of a diverse clientele, including commercial and industrial enterprises, contractors, government sectors, educational institutions, telecommunications entities, and utility companies.

With a robust workforce of approximately 20,000 employees, Wesco collaborates with leading suppliers to cater to its global customer base. Its operations encompass nearly 800 branches, warehouses, and sales offices across over 50 countries, facilitating a balance of local commitment and global reach. This infrastructural capability positions Wesco as a valuable partner in supply chain solutions, addressing the needs of multi-location businesses effectively.

As Wesco continues to thrive, the declared dividends mirror its strong financial stability and commitment to returning value to shareholders. Stakeholders can look forward to receiving their dividends later this month, affirming the company’s dedication to sustainable growth and shareholder satisfaction.

Wesco’s proactive approach to shareholder engagement is evident as it navigates market dynamics while emphasizing the importance of dividend payments. This initiative not only highlights the company’s financial health but also reinforces its strategic vision for the upcoming fiscal periods.

Stay tuned for future updates regarding Wesco International's financial performance and shareholder offerings as the company remains focused on facilitating innovative solutions and understanding customer needs across various sectors.