PITTSBURGH - Wesco International (NYSE: NYSE:WCC), a Fortune 500 company and global leader in business-to-business distribution, logistics services, and supply chain solutions, has declared a quarterly cash dividend for its common and preferred stock.
The Board of Directors announced that shareholders of Wesco's common stock will receive a dividend of $0.4125 per share, payable on March 29, 2024, to those on record as of the close of business on March 15, 2024. This declaration continues the company's practice of returning value to its shareholders through regular dividend payments.
In a parallel move, the company also declared cash dividends on its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the first quarter of 2024. Preferred shareholders are set to receive $664.0625 per share, equating to $0.6640625 per depository share.
This dividend is scheduled for payment on April 1, 2024, to holders of record at the close of business on March 15, 2024.
Wesco International, with annual sales surpassing $22 billion, operates nearly 800 branches and sales offices across more than 50 countries. The company's extensive product and service offerings span across Electrical and Electronic Solutions, Communications and Security Solutions, as well as Utility and Broadband Solutions.
Employing roughly 20,000 people worldwide, Wesco partners with industry-leading suppliers to serve a diverse customer base that includes commercial and industrial businesses, contractors, government agencies, educational institutions, telecommunications providers, and utilities.
The announcement of these dividends reflects Wesco's financial health and commitment to its shareholders. This information is based on a press release statement from Wesco International.
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