Wesco Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

The Board of Directors of Wesco International (NYSE: WCC) declared a cash dividend of $664.0625 per preferred share for the period from April 1, 2022 to June 30, 2022. The payment, amounting to $0.6640625 per depository share, is set for June 30, 2022, to shareholders on record by June 15, 2022. Wesco, a FORTUNE 500® company based in Pittsburgh, boasts over $18 billion in annual sales, serving major global clients with extensive distribution and logistics services.

Positive

• Declared a significant dividend of $664.0625 per preferred share, beneficial for shareholder income.
• Demonstrates company confidence with ongoing returns during the dividend period.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of Wesco International (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 April 1, 2022 through June 30, 2022. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on June 30, 2022 to holders of record at the close of business on June 15, 2022.

About Wesco

Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with more than $18 billion in annual sales 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 18,000 people, partners with the industry’s premier suppliers, and serves thousands of customers around the world, including more than 90% of FORTUNE 100® companies. With nearly 1,500,000 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 branches, warehouses and sales offices in more than 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/20220603005297/en/

Investor Relations

Will Ruthrauff

Director, Investor Relations

484-885-5648

Corporate Communications

Jennifer Sniderman

Sr. Director, Corporate Communications

717-579-6603

Source: Wesco International

FAQ

What is the dividend amount declared by Wesco International (WCC) for the period April 1, 2022, to June 30, 2022?

Wesco International declared a dividend of $664.0625 per preferred share for that period.

When will the dividend for WCC be paid?

The dividend will be paid on June 30, 2022.

What is the record date for the WCC dividend?

The record date for the dividend is June 15, 2022.

How does Wesco International (WCC) support its shareholders?

Wesco International supports its shareholders by declaring regular dividends, such as the recent $664.0625 per preferred share.