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). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cable, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.
WESCO International Dividend Announcement
• WESCO International announced a quarterly dividend of $0.41 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-13
• WESCO International annual dividend for 2024 was $1.24
• WESCO International annual dividend for 2023 was $1.50
• WESCO International's trailing twelve-month (TTM) dividend yield is 0.97%
• WESCO International's payout ratio for the trailing twelve months (TTM) is 19.85%
WESCO International Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | $0.41 | quarterly | 2024-09-30 |
2024-06-14 | $0.41 | quarterly | 2024-06-28 |
2024-03-14 | $0.41 | quarterly | 2024-03-29 |
2023-12-14 | $0.38 | quarterly | 2023-12-29 |
2023-09-14 | $0.38 | quarterly | 2023-09-29 |
2023-06-14 | $0.38 | quarterly | 2023-06-30 |
2023-03-14 | $0.38 | quarterly | 2023-03-31 |
WESCO International Dividend per year
WESCO International Dividend Yield
WESCO International current trailing twelve-month (TTM) dividend yield is 0.97%. Interested in purchasing WESCO International stock? Use our calculator to estimate your expected dividend yield:
WESCO International Financial Ratios
WESCO International Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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