WESCO International, Inc. (NYSE:WCC) Raises Dividend to $0.45 Per Share

WESCO International, Inc. (NYSE:WCC - Get Free Report) 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 dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost 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. 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 stock traded down $10.79 during mid-day trading on Monday, reaching $169.68. The stock had a trading volume of 806,961 shares, compared to its average volume of 701,744. The firm's 50 day simple moving average is $186.03 and its 200 day simple moving average is $182.35. 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 has a one year low of $143.06 and a one year high of $216.17. The firm has a market cap of $8.28 billion, a PE ratio of 12.98, a P/E/G ratio of 1.45 and a beta of 2.01.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing analysts' consensus estimates 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 forecast that WESCO International will post 13.3 EPS for the current year.

Wall Street Analysts Forecast Growth

WCC has been the subject of a number of recent research reports. StockNews.com cut WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their target price on WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Jefferies Financial Group increased their target price on WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, December 6th. KeyCorp increased their target price on WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, Stephens raised 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. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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).