WESCO International, Inc. (NYSE:WCC) Announces Quarterly Dividend of $0.45

WESCO International, Inc. (NYSE:WCC - Get Free Report) announced a quarterly dividend on Monday, December 1st. Shareholders of record on Friday, December 12th will be given a dividend of 0.4538 per share by the technology company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, December 12th.

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WESCO International has a payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WESCO International to earn $15.86 per share next year, which means the company should continue to be able to cover its $1.81 annual dividend with an expected future payout ratio of 11.4%.

WESCO International Stock Performance

NYSE:WCC opened at $265.88 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.09 and a quick ratio of 1.19. The firm has a market cap of $12.93 billion, a PE ratio of 20.82, a P/E/G ratio of 1.77 and a beta of 1.79. The firm has a 50 day simple moving average of $235.43 and a 200-day simple moving average of $210.91. WESCO International has a 1-year low of $125.21 and a 1-year high of $270.28.

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WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.17. The firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. WESCO International had a net margin of 2.98% and a return on equity of 12.96%. WESCO International's revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, equities analysts expect that WESCO International will post 13.3 EPS for the current year.

Insider Activity

In other WESCO International news, EVP Christine Ann Wolf sold 4,685 shares of the company's stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the transaction, the executive vice president directly owned 30,195 shares of the company's stock, valued at $7,836,206.40. This represents a 13.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Diane Lazzaris sold 4,039 shares of the firm's stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $258.42, for a total value of $1,043,758.38. Following the sale, the executive vice president owned 45,401 shares of the company's stock, valued at approximately $11,732,526.42. This trade represents a 8.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,816 shares of company stock worth $7,411,204 over the last three months. Insiders own 3.30% of the company's stock.

Institutional Trading of WESCO International

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Institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. acquired a new position in WESCO International during the 2nd quarter worth $75,136,000. River Road Asset Management LLC raised its position in shares of WESCO International by 56.0% during the 2nd quarter. River Road Asset Management LLC now owns 605,918 shares of the technology company's stock valued at $112,216,000 after acquiring an additional 217,417 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in WESCO International by 19.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company's stock worth $145,222,000 after purchasing an additional 111,930 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in WESCO International by 21.2% in the first quarter. Ameriprise Financial Inc. now owns 309,081 shares of the technology company's stock worth $48,001,000 after purchasing an additional 54,046 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in WESCO International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 795,629 shares of the technology company's stock worth $147,351,000 after purchasing an additional 36,843 shares during the period. 93.75% of the stock is owned by institutional investors and hedge funds.

About WESCO International

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).

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