WESCO International, Inc. (WCC) to Issue Quarterly Dividend of $0.50 on June 30th

WESCO International, Inc. (NYSE:WCC) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Friday, June 12th will be given a dividend of 0.50 per share by the technology company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 12th.

WESCO International has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WESCO International to earn $18.21 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 11.0%.

WESCO International Stock Down 0.7%

WESCO International stock opened at $361.70 on Friday. WESCO International has a twelve month low of $161.98 and a twelve month high of $377.27. The firm has a 50 day moving average price of $318.32 and a 200-day moving average price of $289.08. The company has a market capitalization of $17.62 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.29 and a beta of 1.54. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same period in the prior year, the firm earned $2.21 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, equities analysts predict that WESCO International will post 15.9 EPS for the current year.

Insider Activity

In related news, EVP Akash Khurana sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the sale, the executive vice president owned 30,775 shares of the company’s stock, valued at $11,052,225.75. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christine Ann Wolf sold 2,549 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $355.25, for a total transaction of $905,532.25. Following the sale, the executive vice president directly owned 29,570 shares in the company, valued at $10,504,742.50. The trade was a 7.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On WESCO International

Institutional investors have recently made changes to their positions in the company. Arkadios Wealth Advisors lifted its position in WESCO International by 5.0% in the 1st quarter. Arkadios Wealth Advisors now owns 2,138 shares of the technology company’s stock valued at $585,000 after acquiring an additional 102 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in WESCO International by 33.8% during the first quarter. EverSource Wealth Advisors LLC now owns 1,457 shares of the technology company’s stock valued at $399,000 after buying an additional 368 shares during the last quarter. California State Teachers Retirement System increased its holdings in WESCO International by 22.3% during the first quarter. California State Teachers Retirement System now owns 56,353 shares of the technology company’s stock valued at $15,419,000 after buying an additional 10,267 shares during the last quarter. Bessemer Group Inc. increased its holdings in WESCO International by 2.4% during the first quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock valued at $606,000 after buying an additional 51 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in WESCO International by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after buying an additional 84,905 shares during the last quarter. Hedge funds and other 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.