Watsco (WSO) Declares $1.60 Quarterly Dividend; 3.6% Yield

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Watsco Declares $1.60 Quarterly Dividend

January 2, 2020 7:30 AM EST

MIAMI, Jan. 02, 2020 (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 January 31, 2020 to shareholders of record at the close of business on January 16, 2020.

Watsco has paid dividends to shareholders for 46 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