Watsco (WSO) Raises Quarterly Dividend 10.3% to $1.60; 4.6% Yield

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Watsco Boosts Dividends 10% to $6.40 Per Share, Extends Payout Streak to 45 Years

January 2, 2019 7:30 AM EST

MIAMI, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Watsco, Inc.s (NYSE: WSO) Board of Directors approved a 10% increase in the annual dividend rate to $6.40 per share and has declared a regular quarterly cash dividend of $1.60 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on January 31, 2019 to shareholders of record at the close of business on January 16, 2019.

Albert H. Nahmad, Watscos Chairman & CEO stated: We are pleased to be able to increase dividends to our shareholders. This latest increase reflects our... More