Watsco (WSO) Declares $1.60 Quarterly Dividend; 4.5% Yield

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Watsco Declares $1.60 Quarterly Dividend

April 1, 2019 7:30 AM EDT

MIAMI, April 01, 2019 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that its Board of Directors 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 April 30, 2019 to shareholders of record at the close of business on April 15, 2019.

Watsco has paid dividends to shareholders for 45 consecutive years. The Companys philosophy is to share increasing amounts of cash flow through higher dividends while maintaining a conservative balance sheet with continued capacity to build... More