WESCO International, Inc. (NYSE:WCC) to Issue $0.45 Quarterly Dividend

WESCO International, Inc. (NYSE:WCC - Get Free Report) declared a quarterly dividend on Thursday, May 29th, RTT News reports. Investors of record on Friday, June 13th will be paid a dividend of 0.4538 per share by the technology company on Monday, June 30th. This represents a $1.82 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, June 13th.

WESCO International has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Analysts expect WESCO International to earn $15.86 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 11.5%.

WESCO International Stock Down 1.7%

NYSE:WCC traded down $2.97 on Friday, hitting $168.04. 608,042 shares of the company's stock traded hands, compared to its average volume of 740,735. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. WESCO International has a 1 year low of $125.21 and a 1 year high of $216.17. The firm has a 50-day moving average price of $158.50 and a 200-day moving average price of $176.77. The company has a market cap of $8.20 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.45 and a beta of 1.92.

WESCO International (NYSE:WCC - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. The business had revenue of $5.34 billion for the quarter, compared to analysts' expectations of $5.27 billion. During the same period last year, the firm earned $2.30 EPS. The company's revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that WESCO International will post 13.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Loop Capital lowered their target price on WESCO International from $250.00 to $220.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. KeyCorp lowered their target price on WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Stephens lifted their price target on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada lifted their price target on WESCO International from $212.00 to $213.00 and gave the company a "sector perform" 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

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).