Watsco (WSO) Raises Quarterly Dividend 19% to $1.25; 3.2% Yield

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Watsco Boosts Dividends 19% to $5.00 Per Share

July 3, 2017 7:30 AM EDT

MIAMI--(BUSINESS WIRE)-- Watsco, Inc.s (NYSE: WSO) Board approved a 19% increase in the annual dividend rate to $5.00 per share and has declared a regular quarterly cash dividend of $1.25 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on July 31, 2017 to shareholders of record at the close of business on July 17, 2017.

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 the business and is supported by our... More