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

by · The Cerbat Gem

WESCO International, Inc. (NYSE:WCC – Get Free Report) announced a quarterly dividend on Monday, December 1st. Stockholders of record on Friday, December 12th will be paid 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.

WESCO International has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of WCC traded up $1.97 during mid-day trading on Tuesday, hitting $268.05. 9,547 shares of the company were exchanged, compared to its average volume of 693,526. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.79. WESCO International has a 1-year low of $125.21 and a 1-year high of $270.28. The company has a 50 day moving average of $235.43 and a 200-day moving average of $210.91. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.19 and a current ratio of 2.09.

WESCO International (NYSE:WCC – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.75 by $0.17. The firm had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. WESCO International had a return on equity of 12.96% and a net margin of 2.98%.The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. Analysts expect that WESCO International will post 13.3 EPS for the current fiscal year.

Insider Transactions at WESCO International

In other news, CAO Matthew S. Kulasa sold 790 shares of WESCO International stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $253.18, for a total value of $200,012.20. Following the completion of the sale, the chief accounting officer directly owned 3,320 shares of the company’s stock, valued at approximately $840,557.60. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nelson John Squires III sold 13,780 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $219.59, for a total value of $3,025,950.20. Following the transaction, the executive vice president directly owned 48,625 shares in the company, valued at approximately $10,677,563.75. The trade was a 22.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,816 shares of company stock valued at $7,411,204. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC increased its stake in WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after buying an additional 54 shares during the period. Parallel Advisors LLC grew its stake in shares of WESCO International by 13.4% in the second quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock worth $94,000 after acquiring an additional 60 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of WESCO International by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares during the period. Third Avenue Management LLC raised its stake in shares of WESCO International by 0.6% in the first quarter. Third Avenue Management LLC now owns 14,822 shares of the technology company’s stock valued at $2,302,000 after acquiring an additional 83 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

About WESCO International

(Get Free Report)

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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