Watsco (WSO) Raises Quarterly Dividend 16% to $1.45; 3.2% Yield
Get Alerts WSO Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 2.6%
Revenue Growth %: +3.2%
Join SI Premium – FREE
Watsco (NYSE: WSO) declared a quarterly dividend of $1.45 per share, or $5.8 annualized. This is a 16% increase from the prior dividend of $1.25.
The dividend will be payable on April 30, 2018, to stockholders of record on April 16, 2018, with an ex-dividend date of April 13, 2018.
The annual yield on the dividend is 3.2 percent.
Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are pleased to be able to increase dividends to our shareholders. This latest increase reflects our confidence in the business and is supported by our continued cash flow and strong balance sheet.”
For a dividend history and other dividend-related data on Watsco (WSO) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Otis Worldwide (OTIS) Raises Quarterly Dividend 14.7% to $0.39; 1.6% Yield
- Veritex Holdings (VBTX) Declares $0.20 Quarterly Dividend; 3.9% Yield
- Ameriprise Financial (AMP) Raises Quarterly Dividend 9.6% to $1.48; 1.4% Yield
Create E-mail Alert Related Categories
Dividend Hike, DividendsRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!