WESCO International, Inc. (WCC) To Go Ex-Dividend on September 11th

WESCO International, Inc. (NYSE:WCC) announced a quarterly dividend on Thursday, August 27th. Shareholders of record on Friday, September 11th will be given 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 yield of 0.6%. The ex-dividend date of this dividend 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 $19.47 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 10.3%.

WESCO International Stock Performance

Shares of WCC stock opened at $336.34 on Friday. The firm has a 50 day moving average of $342.01 and a two-hundred day moving average of $323.99. The stock has a market capitalization of $16.39 billion, a PE ratio of 23.24, a P/E/G ratio of 2.09 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International has a 52 week low of $203.40 and a 52 week high of $385.37.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, research analysts predict that WESCO International will post 16.77 EPS for the current fiscal year.

Insider Transactions at WESCO International

In other news, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director directly owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the transaction, the executive vice president owned 27,404 shares in the company, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On WESCO International

Several hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in shares of WESCO International by 95.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after buying an additional 368 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of WESCO International in the 2nd quarter valued at $573,000. California State Teachers Retirement System grew its position in shares of WESCO International by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock valued at $8,446,000 after buying an additional 365 shares during the last quarter. BNP Paribas Financial Markets raised its stake in WESCO International by 516.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after acquiring an additional 34,649 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after acquiring an additional 54 shares in the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

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.