Watsco (WSO) Raises Quarterly Dividend 16% to $1.45; 3.2% Yield

April 2, 2018 9:29 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

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

Related Categories

Dividend Hike, Dividends

Related Entities