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

WESCO International, Inc. (NYSE:WCC) declared a quarterly dividend on Thursday, May 28th. Investors of record on Friday, June 12th will be paid 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 0.5%. The ex-dividend date of this dividend is Friday, June 12th.

WESCO International has a dividend 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 1.1%

Shares of NYSE:WCC opened at $364.70 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12. The firm has a market capitalization of $17.76 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.32 and a beta of 1.54. The firm has a fifty day moving average of $316.12 and a 200 day moving average of $288.57. WESCO International has a 52-week low of $161.98 and a 52-week high of $377.27.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on WCC. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Barclays boosted their price target on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Stephens boosted their price target on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Royal Bank Of Canada boosted their price target on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, KeyCorp boosted their price target on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $321.38.

WESCO International Company Profile

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.