WESCO Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

The Board of Directors of WESCO International, Inc. (NYSE: WCC) declared a cash dividend of $664.0625 per preferred share for the period from April 1, 2021, to June 30, 2021. This amounts to $0.6640625 per depository share, payable on June 30, 2021, to shareholders on record as of June 15, 2021. WESCO, a FORTUNE 500 company with over $16 billion in pro forma 2020 sales, specializes in distribution and logistics solutions and operates approximately 800 locations across more than 50 countries.

Positive

• Declared a cash dividend of $664.0625 per preferred share, enhancing shareholder income.
• Demonstrates company confidence with a consistent dividend payment.

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 April 1, 2021 through June 30, 2021. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on June 30, 2021 to holders of record at the close of business on June 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/20210604005401/en/

FAQ

What is the dividend amount for WCC for the period April 1, 2021, to June 30, 2021?

WESCO International has declared a dividend of $664.0625 per preferred share for this period.

When is the dividend payment for WCC due?

The dividend is payable on June 30, 2021.

Who qualifies for the WCC dividend payment?

Shareholders on record as of June 15, 2021, qualify for the dividend payment.

What are WESCO's total sales figures for 2020?

WESCO's pro forma 2020 annual sales were over $16 billion.