Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 22

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 22
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$0.454 $22.1 millionAugust 28, 2025September 12, 2025September 30, 2025$0.454 $22.1 millionThe following table is a summary of cash dividends declared and paid on the Company’s common stock for the nine months ended September 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 millionAugust 29, 2024September 13, 2024September 30, 2024$0.413 $20.2 millionDuring the three months ended September 30, 2025, there were no quarterly cash dividends paid relating to the Company's Series A Preferred Stock that was redeemed in June 2025. During the nine months ended September 30, 2025, the Company's Board of Directors declared and the Company paid cash dividends relating to its Series A Preferred Stock totaling $27.3 million. As a result of the redemption, 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. During the three and nine months ended September 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 $14.4 million and $43.1 million, respectively.

8. EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the periods. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the weighted-average common shares and common share equivalents outstanding during the periods. The dilutive effect of common share equivalents is considered in the diluted earnings per share computation using the treasury stock method, which includes consideration of equity awards.The following table sets forth the computation of basic and diluted earnings per share for the periods presented:Three Months EndedNine Months Ended September 30September 30(In millions, except per share data)202520242025202