Watsco (WSO) Boosts Annual Dividend 10% to $7.80 Per Share
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Watsco Boosts Annual Dividend 10% to $7.80 Per Share
February 11, 2021 7:30 AM ESTMIAMI, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that its Board of Directors has approved a 10% increase in its annual dividend to $7.80 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Companys next regular dividend payment beginning in April 2021.
Albert H. Nahmad, Watscos Chairman & CEO stated: We are pleased to increase dividends to our shareholders, which reflects our confidence in the business and is supported by our strong cash flow and balance sheet.
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