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 July 1, 2022 to September 30, 2022. This amounts to $0.6640625 per depository share, payable on September 30, 2022, to shareholders of record by the close of business on September 15, 2022.

Wesco is a leading provider in business-to-business distribution and logistics, reporting over $18 billion in annual sales.

Positive

• Dividend of $664.0625 per preferred share enhances shareholder income.
• Wesco reported over $18 billion in annual sales, indicating strong financial performance.

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 July 1, 2022 through September 30, 2022. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on September 30, 2022 to holders of record at the close of business on September 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/20220831005639/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)?

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

When is the dividend payable for Wesco International (WCC)?

The dividend is payable on September 30, 2022.

What is the record date for the dividend payment of Wesco (WCC)?

The record date for the dividend payment is September 15, 2022.