Watsco (WSO) Raises Quarterly Dividend 23.5% to $1.05; 3% Yield
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Watsco Boosts Annual Dividend 24% to $4.20 Per Share
October 3, 2016 7:30 AM EDTMIAMI--(BUSINESS WIRE)-- Watsco, Inc. (NYSE: WSO) announced today that its Board of Directors has declared a regular quarterly cash dividend of $1.05 on each outstanding share of its Common and Class B common stock. This represents a 24% increase in the quarterly dividend rate versus a year ago. The cash dividend is payable on October 31, 2016 to shareholders of record at the close of business on October 17, 2016.
Albert H. Nahmad, Watscos Chairman & CEO stated: We are pleased to be able to increase dividends to our shareholders. This latest increase reflects our confidence in... More
