WESCO International, Inc. (NYSE:WCC) to Issue 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 yield of 1.01%. This is an increase from WESCO International’s previous quarterly dividend of $0.41.

WESCO International has a 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 Performance

Shares of WCC traded down $1.77 during trading hours on Thursday, hitting $179.43. The company had a trading volume of 703,737 shares, compared to its average volume of 704,389. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.45 and a beta of 2.01. The business has a fifty day moving average of $186.08 and a 200-day moving average of $181.75. WESCO International has a 12 month low of $143.06 and a 12 month high of $216.17. 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 posted its quarterly 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%. Equities analysts anticipate that WESCO International will post 13.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WCC. KeyCorp boosted their price objective on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Oppenheimer boosted their target price on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 12th. 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. Finally, Robert W. Baird increased their target price on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, WESCO International 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).