WESCO Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

The Board of Directors of WESCO International declared a cash dividend of $664.0625 per preferred share, payable on March 31, 2021. This applies to the 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period of January 1, 2021, to March 31, 2021, with record date on March 15, 2021. WESCO, a leading distributor with over $16 billion in pro forma sales, operates in more than 50 countries, providing extensive supply chain and logistics services.

Positive

• Declaration of a $664.0625 dividend per preferred share, demonstrating commitment to shareholders.
• Strong financial performance with pro forma annual sales exceeding $16 billion.

Negative

• None.

The Board of Directors of WESCO International, Inc. (NYSE: WCC) today declared a cash dividend on the company’s 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period January 1, 2021 through March 31, 2021. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on March 31, 2021 to holders of record at the close of business on March 15, 2021.

About WESCO

WESCO International, Inc. (NYSE: WCC), a publicly traded FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain management solutions. Pro forma 2020 annual sales were over $16 billion, including full year sales for Anixter International which WESCO acquired in June 2020. 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 18,000 people, maintains relationships with approximately 30,000 suppliers, and serves more than 125,000 customers worldwide. With nearly 1.5 million 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, government agencies, institutions, telecommunications providers, and utilities. WESCO operates approximately 800 branch and warehouse locations in over 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210304005889/en/

FAQ

What is the dividend amount declared by WCC?

WESCO International declared a dividend of $664.0625 per preferred share.

When is the dividend payable for WCC's Series A Preferred Stock?

The dividend is payable on March 31, 2021.

What is the record date for the dividend payment of WCC?

The record date for the dividend payment is March 15, 2021.

What is the series of the preferred stock for WCC's dividend?

The dividend pertains to the 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock.

What are the recent sales figures for WCC?

WESCO reported pro forma annual sales of over $16 billion.