WESCO International, Inc. (NYSE:WCC) Declares Quarterly Dividend of $0.45

WESCO International, Inc. (NYSE:WCC) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors 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 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from WESCO International’s previous quarterly dividend of $0.41.

WESCO International has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 0.5 %

Shares of NYSE WCC opened at $180.68 on Friday. WESCO International has a 52-week low of $143.06 and a 52-week high of $216.17. The firm has a fifty day moving average of $186.22 and a 200-day moving average of $181.92. The stock has a market capitalization of $8.82 billion, a PE ratio of 13.82, a P/E/G ratio of 1.45 and a beta of 2.01. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. On average, analysts anticipate that WESCO International will post 13.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WCC. Oppenheimer upped their target price on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp upped their price target on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group upped their price target on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com lowered WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Stephens upped their target price on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, WESCO International presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.88.

About WESCO International

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).