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Wesco Declares Quarterly Dividend on Preferred Stock
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
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 January 1, 2022 to March 31, 2022. This amounts to $0.6640625 per depository share, payable on March 31, 2022, to holders of record by the close of business on March 15, 2022. Wesco, headquartered in Pittsburgh, is a FORTUNE 500® company with over $18 billion in annual sales and serves thousands of customers globally, including more than 90% of FORTUNE 100® companies.
Positive
Dividend of $664.0625 per preferred share announced.
Company shows confidence with a consistent dividend payment.
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 January 1, 2022 through March 31, 2022. The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on March 31, 2022 to holders of record at the close of business on March 15, 2022.
About Wesco
Wesco International, Inc. (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.
