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

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

Watsco Boosts Dividends 16% to $5.80 Per Share, Extends Payout Streak to 44 Years

April 2, 2018 9:28 AM EDT

MIAMI, April 02, 2018 (GLOBE NEWSWIRE) -- Watsco, Inc.s (NYSE: WSO) Board approved a 16% increase in the annual dividend rate to $5.80 per share and has declared a regular quarterly cash dividend of $1.45 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on April 30, 2018 to shareholders of record at the close of business on April 16, 2018.

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... More