Wesco Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

The Board of Directors of Wesco International (NYSE: WCC) has declared a cash dividend of $664.0625 per Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock share for the period January 1, 2023 to March 31, 2023. The dividend equates to $0.6640625 per depository share and will be payable on March 31, 2023, to shareholders on record as of March 15, 2023. Wesco, headquartered in Pittsburgh, is a FORTUNE 500® company with over $21 billion in annual sales, providing extensive distribution and supply chain solutions worldwide.

Positive

• Declared a cash dividend of $664.0625 per preferred share indicating strong cash flow.
• Exhibits a robust financial position with over $21 billion in annual sales.

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 January 1, 2023 through March 31, 2023. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on March 31, 2023 to holders of record at the close of business on March 15, 2023.

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 $21 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 20,000 people, partners with the industry’s premier suppliers, and serves thousands of customers around the world. With millions of 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/20230303005034/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 Q1 2023?

Wesco International (WCC) declared a cash dividend of $664.0625 per preferred share for Q1 2023.

When is the Wesco International (WCC) dividend payable?

The dividend is payable on March 31, 2023.

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

The record date for the dividend is March 15, 2023.

How often does Wesco International (WCC) pay dividends?

Wesco International pays dividends quarterly, as demonstrated by the recent announcement.

What are some key financial metrics for Wesco International (WCC)?

Wesco International reported over $21 billion in annual sales.