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

WESCO International, Inc. (NYSE:WCC) announced 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 dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of WESCO International stock opened at $351.00 on Friday. The business has a 50 day simple moving average of $342.60 and a two-hundred day simple moving average of $323.90. WESCO International has a 12 month low of $203.40 and a 12 month high of $385.37. 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. 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 released its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter last year, the business posted $3.83 earnings per share. The business’s quarterly revenue 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 predict that WESCO International will post 16.77 EPS for the current fiscal year.

Insider Transactions at WESCO International

In other news, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 purchased at an average cost 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 $5,965,836.45. This trade represents a 6.26% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.60% of the company’s stock.

Institutional Trading of WESCO International

Several hedge funds have recently made changes to their positions in WCC. Bell Investment Advisors Inc acquired a new stake in shares of WESCO International during the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC acquired a new position in WESCO International in the second quarter valued at approximately $27,000. Jones Financial Companies Lllp acquired a new position in WESCO International in the second quarter valued at approximately $36,000. Cornerstone Planning Group LLC grew its position in WESCO International by 92.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in WESCO International in the second quarter worth approximately $38,000. 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.