Wesco Declares Quarterly Dividend on Common Stock and Preferred Stock

Rhea-AI Summary

Wesco International (NYSE: WCC) has announced its quarterly dividend declarations. The company will pay a cash dividend of $0.45375 per share on common stock to shareholders of record as of March 14, 2025, with payment scheduled for March 31, 2025.

Additionally, the Board declared dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock, amounting to $664.0625 per preferred share ($0.6640625 per depository share) for Q1 2025, payable March 31, 2025.

Wesco, a FORTUNE 500® company headquartered in Pittsburgh, reported approximately $22 billion in annual sales for 2024. The company operates over 700 sites across 50 countries, employing around 20,000 people and providing business-to-business distribution, logistics services, and supply chain solutions.

Positive

• Strong annual sales of $22B in 2024
• Consistent dividend payments maintained
• Extensive global presence with 700+ locations in 50 countries
• Large workforce of 20,000 employees indicating operational scale

Negative

• None.

PITTSBURGH, Feb. 27, 2025 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE: WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.45375 per share. The dividend is payable on March 31, 2025 to the holders of record of the common stock at the close of business on March 14, 2025.

In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period January 1, 2025 through March 31, 2025. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on March 31, 2025 to holders of record at the close of business on March 14, 2025.

About Wesco
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500^® company with approximately $22 billion in annual sales in 2024 and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities. Wesco operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact Information:

Investor Relations
Will Ruthrauff
Director, Investor Relations
484-885-5648

Corporate Communications
Jennifer Sniderman
Vice President, Corporate Communications
717-579-6603

 

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SOURCE Wesco International

FAQ

What is the amount of Wesco's (WCC) quarterly dividend per common share for March 2025?

Wesco's quarterly dividend is $0.45375 per common share, payable on March 31, 2025.

When is the record date for Wesco's (WCC) Q1 2025 dividend payment?

The record date is March 14, 2025, for both common and preferred stock dividends.

How much is Wesco's (WCC) preferred stock dividend for Q1 2025?

The preferred stock dividend is $664.0625 per share, or $0.6640625 per depository share.

What was Wesco's (WCC) annual sales figure for 2024?

Wesco reported approximately $22 billion in annual sales for 2024.

How many locations does Wesco (WCC) operate globally?

Wesco operates more than 700 sites across approximately 50 countries.