WESCO International, Inc. (NYSE:WCC) Plans Quarterly Dividend of $0.45

WESCO International, Inc. (NYSE:WCC) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.4538 per share by the technology company on Monday, March 31st. This represents a $1.82 annualized dividend and a dividend yield of 1.01%. This is a boost from WESCO International’s previous quarterly dividend of $0.41.

WESCO International has a payout ratio of 10.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WESCO International to earn $15.86 per share next year, which means the company should continue to be able to cover its $1.65 annual dividend with an expected future payout ratio of 10.4%.

WESCO International Stock Down 1.0 %

WESCO International stock opened at $179.43 on Friday. The firm has a 50 day simple moving average of $186.16 and a 200 day simple moving average of $181.73. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. WESCO International has a 1-year low of $143.06 and a 1-year high of $216.17. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 1.45 and a beta of 2.01.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. On average, analysts predict that WESCO International will post 13.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WCC shares. KeyCorp increased their price target on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Oppenheimer upped their price target on shares of WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stephens lifted their price objective on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group upped their target price on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.88.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).