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

WESCO International, Inc. (NYSE:WCC) announced a quarterly dividend on Thursday, August 27th. Investors of record on Friday, September 11th will be paid 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 Trading Up 1.0%

NYSE WCC opened at $351.00 on Friday. The firm’s 50-day moving average is $342.60 and its two-hundred day moving average is $323.90. WESCO International has a 12 month low of $203.40 and a 12 month 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. The stock has a market capitalization of $17.10 billion, a P/E ratio of 24.26, a PEG ratio of 2.07 and a beta of 1.54.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, sell-side analysts anticipate that WESCO International will post 16.77 earnings per share for the current year.

Insider Activity

In other news, Director Laura K. Thompson sold 270 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Castillo acquired 960 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $365.89 per share, with a total value of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On WESCO International

Institutional investors have recently modified their holdings of the business. Bell Investment Advisors Inc purchased a new stake in shares of WESCO International during the second quarter worth $26,000. Transamerica Financial Advisors LLC acquired a new stake in shares of WESCO International in the second quarter valued at $27,000. Jones Financial Companies Lllp purchased a new position in WESCO International in the second quarter valued at $36,000. Cornerstone Planning Group LLC grew its stake 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 in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in WESCO International during the 2nd quarter worth about $38,000. Institutional investors and hedge funds 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.