WESCO Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

The Board of Directors of WESCO International, Inc. (NYSE: WCC) has declared a cash dividend on the 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock. For the period from October 1, 2021, to December 31, 2021, the dividend amounts to $664.0625 per preferred share, or $0.6640625 per depository share. This payment is set for December 31, 2021, to shareholders on record by the close of business on December 15, 2021.

Positive

• Dividend payment of $664.0625 per preferred share enhances shareholder income.
• Demonstrates strong cash flow and commitment to return value to shareholders.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- 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 October 1, 2021 through December 31, 2021. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on December 31, 2021 to holders of record at the close of business on December 15, 2021.

About WESCO

WESCO International, Inc. (NYSE: WCC) builds, connects, powers and protects the world. A publicly traded FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, WESCO is a leading provider of business-to-business distribution, logistics services and supply chain solutions. Pro forma 2020 annual sales were over $16 billion, including Anixter International Inc., which it 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 nearly 18,000 people, maintains relationships with approximately 30,000 suppliers, and serves more than 125,000 customers worldwide. 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/20211203005029/en/

Investor Relations Contact

Will Ruthrauff

WESCO International, Inc.

412-454-4220

wruthrauff@wesco.com

Source: WESCO International, Inc.

FAQ

What is the dividend amount declared by WCC?

WESCO declared a dividend of $664.0625 per preferred share.

When will WCC's dividend be paid?

The dividend will be paid on December 31, 2021.

What is the record date for WCC's dividend?

The record date for the dividend is December 15, 2021.

What is the duration of the dividend period for WCC?

The dividend period is from October 1, 2021, to December 31, 2021.

How does WCC's dividend reflect its financial health?

The declared dividend indicates strong cash flow and a commitment to shareholder returns.