Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 90

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 90
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4 million in excise tax and recognized a $27.6 million gain from the redemption as income attributable to common stockholders. As described in Note 9, “Debt”, Wesco funded the redemption with the net proceeds from the March 2025 issuance of the 6.375% senior notes due 2033. DividendsThe Company’s dividends on common stock are declared at the discretion of the Board of Directors. The following table is a summary of cash dividends declared and paid on the Company’s common stock for the six months ended June 30, 2025: Date DeclaredRecord DatePayment DateAmount Per ShareDividend PaymentFebruary 27, 2025March 14, 2025March 31, 2025$0.454 $22.1 millionMay 29, 2025June 13, 2025June 30, 2025$0.454 $22.1 million

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)(unaudited)

The following table is a summary of cash dividends declared and paid on the Company’s common stock for the six months ended June 30, 2024:Date DeclaredRecord DatePayment DateAmount Per ShareDividend PaymentFebruary 29, 2024March 15, 2024March 29, 2024$0.413 $20.9 millionMay 30, 2024June 14, 2024June 28, 2024$0.413 $20.3 millionDuring the three and six months ended June 30, 2025, the Company's Board of Directors also declared and the Company paid quarterly cash dividends totaling $12.9 million and $27.3 million, respectively, relating to its Series A Preferred Stock. For the three months ended June 30, 2025, the dividend rate per depositary share was prorated to $0.598, compared to the prior period dividend rates of $0.664, as a result of the redemption of the Series A Preferred Stock in June 2025. During the three and six months ended June 30, 2024, the Company's Board of Directors declared and the Company paid quarterly cash dividends of $0.664 per depositary share relating to its Series A Preferred Stock totaling $14