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Equity | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Stockholders' Equity Note Disclosure | Share Repurchases On May 31, 2022, the Company’s Board of Directors adopted a resolution authorizing the repurchase of up to $1 billion of the Company’s common stock and Series A Preferred Stock. The share repurchase authorization has no expiration date and may be modified, suspended, or terminated at any time without prior notice. During the three and nine months ended September 30, 2024, the Company entered into spot repurchase transactions through brokers to purchase 161,614 and 2,183,937 shares, respectively, of its common stock in the open market for cash totaling $25.3 million and $378.8 million, respectively, including excise taxes. Wesco funded the repurchases with available cash and borrowings under its accounts receivable securitization and revolving credit facilities. During the three and nine months ended September 30, 2023, the Company entered into spot repurchase transactions through a broker to purchase 325,449 shares of its common stock totaling $50.5 million, including excise taxes. Wesco funded the repurchases with available cash and borrowings under its revolving credit facility. Dividends The 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 nine months ended September 30, 2024:
Date Declared |  | Record Date |  | Payment Date |  | Amount Per Share |  | Dividend Payment
February 29, 2024 |  | March 15, 2024 |  | March 29, 2024 |  | $ | 0.413 |  |  | $ | 20.9 | million
May 30, 2024 |  | June 14, 2024 |  | June 28, 2024 |  | $ | 0.413 |  |  | $ | 20.3 | million
August 29, 2024 |  | September 13, 2024 |  | September 30, 2024 |  | $ | 0.413 |  |  | $ | 20.2 | million
The following table is a summary of cash dividends declared and paid on the Company’s common stock for the nine months ended September 30, 2023:
Date Declared |  | Record Date |  | Payment Date |  | Amount Per Share |  | Dividend Payment
March 3, 2023 |  | March 15, 2023 |  | March 31, 2023 |  | $ | 0.375 |  |  | $ | 19.2 | million
June 1, 2023 |  | June 15, 2023 |  | June 30, 2023 |  | $ | 0.375 |  |  | $ | 19.2 | million
August 31, 2023 |  | September 15, 2023 |  | September 29, 2023 |  | $ | 0.375 |  |  | $ | 19.1 | million
During the three and nine months ended September 30, 2024 and 2023, the Company's Board of Directors also 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, each year.

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