Watsco (WSO) Misses Q2 EPS by 23c; Announces 24% Dividend Hike

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Go back to Watsco (WSO) Misses Q2 EPS by 23c; Announces 24% Dividend Hike

UPDATE: Seaport Global Securities Downgrades Watsco (WSO) to Neutral

July 25, 2016 7:37 AM EDT

(Updated - July 25, 2016 1:16 PM EDT)

Seaport Global Securities downgraded Watsco (NYSE: WSO) from Accumulate to Neutral with a price target of $150. The analyst's 2016-2017 EPS forecast was reduced to $5.27 and $5.95 from ($5.60 and $6.36) to reflect the weaker HVAC outlook.

"Over the... More

Watsco (WSO) Hikes Annual Dividend 24% to $4.20/Share

July 22, 2016 7:40 AM EDT

Watsco (NYSE: WSO) announced that its Board of Directors has approved a 24% increase in its annual dividend to $4.20 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Companys next regular dividend... More