By Stephen Nakrosis
Wesco International said its board declared a quarterly cash dividend of 45.375 cents a share, which will be payable on March 31 to shareholders of record at the close of business on March 14.
On an annual basis, the dividend will pay $1.815 per share. Earlier this month, the provider of business-to-business distribution, logistics and supply chain solutions said it planned to raise its dividend to $1.82 annually.
Based on the closing share price of $179.82 on Thursday, Wesco's increased dividend represents a yield of about 1%.
Wesco last raised its dividend, to 41.25 cents a share, in February 2024.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 27, 2025 18:45 ET (23:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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