WESCO International, Inc. Announces Quarterly Dividend of $0.50 (NYSE:WCC)

WESCO International, Inc. (NYSE:WCC) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Friday, June 12th will be paid a dividend of 0.50 per share by the technology company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, June 12th.

WESCO International has a dividend payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WESCO International to earn $18.21 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 11.0%.

WESCO International Trading Down 1.1%

WCC stock opened at $364.70 on Friday. The business has a fifty day moving average price of $316.12 and a 200 day moving average price of $288.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.12 and a quick ratio of 1.22. WESCO International has a fifty-two week low of $161.98 and a fifty-two week high of $377.27. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.32 and a beta of 1.54.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same period last year, the company posted $2.21 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Analysts expect that WESCO International will post 15.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John Engel sold 79,440 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $358.75, for a total value of $28,499,100.00. Following the transaction, the chief executive officer directly owned 478,946 shares in the company, valued at $171,821,877.50. This trade represents a 14.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David S. Schulz sold 31,951 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $360.44, for a total value of $11,516,418.44. Following the transaction, the chief financial officer owned 77,038 shares of the company’s stock, valued at $27,767,576.72. The trade was a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 144,486 shares of company stock worth $51,846,641 over the last three months. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On WESCO International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its position in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after buying an additional 51 shares in the last quarter. Torren Management LLC acquired a new position in WESCO International in the fourth quarter valued at about $32,000. Brown Brothers Harriman & Co. grew its stake in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after acquiring an additional 83 shares during the period. Rothschild Investment LLC increased its holdings in shares of WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after acquiring an additional 134 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of WESCO International during the fourth quarter worth about $39,000. 93.75% of the stock is owned by institutional investors.

About WESCO International

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.