Wesco International Plans to Raise Dividend by 10%

Dow Jones

2025/02/11

By Colin Kellaher

Wesco International on Tuesday said it plans to raise its dividend by 10% this year to an annual rate of $1.82.

The increased payout would equate to 45.5 cents on a quarterly basis, up from 41.25 cents, and would represent an annual yield of about 0.98%, based on Monday's closing price of $185.30 for the Pittsburgh provider of business-to-business distribution, logistics services and supply-chain solutions.

Wesco last February raised its dividend by 10% to the current $1.65 annual rate.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 11, 2025 06:24 ET (11:24 GMT)

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