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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 0.98%
WESCO International's payout ratio for the trailing twelve months (TTM) is 18.92%

WESCO International Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-13$0.41quarterly2024-09-30
2024-06-14$0.41quarterly2024-06-28
2024-03-14$0.41quarterly2024-03-29
2023-12-14$0.38quarterly2023-12-29
2023-09-14$0.38quarterly2023-09-29
2023-06-14$0.38quarterly2023-06-30
2023-03-14$0.38quarterly2023-03-31

WESCO International Dividend per year

WESCO International Dividend Yield

WESCO International current trailing twelve-month (TTM) dividend yield is 0.98%. Interested in purchasing WESCO International stock? Use our calculator to estimate your expected dividend yield:

WESCO International Financial Ratios

P/E ratio11.39
PEG ratio0.39
P/B ratio1.70
ROE14.64%
Payout ratio18.92%
Current ratio2.28
Quick ratio1.34
Cash Ratio0.19

WESCO International Dividend FAQ

Does WESCO International stock pay dividends?
WESCO International does not currently pay dividends to its shareholders.
Has WESCO International ever paid a dividend?
No, WESCO International has no a history of paying dividends to its shareholders. WESCO International is not known for its dividend payments.
Why doesn't WESCO International pay dividends?
There are several potential reasons why WESCO International would choose not to pay dividends to their shareholders:

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.
Will WESCO International ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While WESCO International has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is WESCO International a dividend aristocrat?
WESCO International is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is WESCO International a dividend king?
WESCO International is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is WESCO International a dividend stock?
No, WESCO International is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy WESCO International stocks?
To buy WESCO International you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy WESCO International stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.