Watsco (WSO) Raises Quarterly Dividend 10.9% to $1.775; 4.5% Yield
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Watsco Boosts Annual Dividends 11% to $7.10
April 1, 2020 7:30 AM EDTMIAMI, April 01, 2020 (GLOBE NEWSWIRE) -- Watsco, Inc.s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $1.775 on each outstanding share of its Common and Class B common stock payable on April 30, 2020 to shareholders of record at the close of business on April 15, 2020. The Company previously announced in February 2020 that its Board approved an 11% increase in its annual dividend rate to $7.10 per share following 2019s record operating cash flow.
Watsco has paid dividends for 46 consecutive years. The Companys philosophy is to share increasing amounts of cash flow with... More
