Wesco International, a FORTUNE 500® company, has announced a quarterly cash dividend for its shareholders. The company’s Board of Directors declared a dividend of $0.4125 per share for all outstanding common stock. This dividend will be paid on September 30, 2024, to shareholders of record as of September 13, 2024.
In addition to the common stock dividend, Wesco also declared dividends for its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock. The dividend for this preferred stock is $664.0625 per share, or $0.6640625 per depository share, and will also be paid on September 30, 2024, to holders of record as of September 13, 2024.
Wesco International is a leading provider of business-to-business distribution, logistics services, and supply chain solutions. The company offers a wide range of products and services in the electrical and electronic, communications and security, and utility and broadband sectors. With approximately 20,000 employees and a global network of branches, warehouses, and sales offices, Wesco serves thousands of customers worldwide.
The company’s commitment to paying dividends demonstrates its strong financial performance and dedication to shareholder value. This announcement is likely to be welcomed by investors, as it provides a consistent source of income and reflects the company’s confidence in its future prospects.
