WESCO International, Inc. (WCC) to Issue Quarterly Dividend of $0.45 on March 31st

WESCO International, Inc. (NYSE:WCC) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.4538 per share by the technology company on Monday, March 31st. This represents a $1.82 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, March 14th. This is a positive change from WESCO International’s previous quarterly dividend of $0.41.

WESCO International has a payout ratio of 10.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WESCO International to earn $15.86 per share next year, which means the company should continue to be able to cover its $1.65 annual dividend with an expected future payout ratio of 10.4%.

WESCO International Trading Up 0.5 %

Shares of NYSE WCC opened at $180.68 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $186.22 and a two-hundred day simple moving average of $181.92. The firm has a market cap of $8.82 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.45 and a beta of 2.01. WESCO International has a twelve month low of $143.06 and a twelve month high of $216.17.

WESCO International (NYSE:WCC) last issued its earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. Analysts expect that WESCO International will post 13.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. KeyCorp boosted their target price on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Oppenheimer boosted their price objective on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Robert W. Baird upped their price target on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group increased their target price on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, StockNews.com cut WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $218.88.

WESCO International Company Profile

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).