WESCO International, Inc. (NYSE:WCC) Declares Dividend Increase – $0.45 Per Share

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 dividend on an annualized basis and a yield of 1.01%. This is a boost 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

NYSE WCC opened at $179.43 on Friday. The company has a 50-day simple moving average of $186.16 and a two-hundred day simple moving average of $181.73. WESCO International has a 12-month low of $143.06 and a 12-month high of $216.17. 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 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 issued its earnings results 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 net margin of 3.29% and a return on equity of 13.63%. On average, equities analysts forecast that WESCO International will post 13.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WCC. Jefferies Financial Group upped their price target on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. Robert W. Baird increased their target price on shares of WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com cut WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Stephens upped their price target on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada lifted their price objective on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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).