WESCO International, Inc. (WCC) to Issue Quarterly Dividend of $0.50 on June 30th

WESCO International, Inc. (NYSE:WCC) announced 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 0.6%. The ex-dividend date is Friday, June 12th.

WESCO International has a dividend payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of WCC opened at $355.98 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.22 and a beta of 1.53. WESCO International has a fifty-two week low of $171.36 and a fifty-two week high of $377.90. The firm has a 50-day simple moving average of $331.89 and a 200-day simple moving average of $294.51.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WCC shares. KeyCorp raised their price objective on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Barclays increased their target price on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada increased their target price on shares of WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Stephens increased their target price on shares of WESCO International from $275.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $321.38.

WESCO International Company Profile

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.