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 October 1, 2022 to December 31, 2022. The dividend, equivalent to $0.6640625 per depository share, will be payable on January 3, 2023, to shareholders on record as of December 15, 2022. Wesco, a FORTUNE 500® company, is a major player in distribution and supply chain solutions with over $18 billion in annual sales.

Positive

• Dividend of $664.0625 per preferred share provides income for shareholders.
• Demonstrates company confidence in financial stability.

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 October 1, 2022 through December 31, 2022. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on January 3, 2023 to holders of record at the close of business on December 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 more than 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/20221202005035/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 for Wesco International (WCC)?

The declared dividend is $664.0625 per preferred share.

When will the dividend for WCC be paid?

The dividend will be payable on January 3, 2023.

What is the record date for the WCC dividend?

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