WESCO International, Inc. (NYSE:WCC – Get Free Report) announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Friday, September 11th will be paid a dividend of 0.50 per share by the technology company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 11th.
WESCO International has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WESCO International to earn $19.56 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 10.2%.
WESCO International Stock Performance
Shares of WCC stock opened at $361.60 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The company has a 50 day moving average price of $340.87 and a 200-day moving average price of $326.29. WESCO International has a 52 week low of $203.40 and a 52 week high of $385.37. The firm has a market capitalization of $17.62 billion, a PE ratio of 24.99, a P/E/G ratio of 2.08 and a beta of 1.53.
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.
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