Watsco (WSO) Raises Quarterly Dividend 9.9% to $1.95; 3% Yield

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Go back to Watsco (WSO) Raises Quarterly Dividend 9.9% to $1.95; 3% Yield

Watsco Boosts Annual Dividends 10% to $7.80

April 1, 2021 7:30 AM EDT

MIAMI, April 01, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc.s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $1.95 on each outstanding share of its Common and Class B common stock payable on April 30, 2021 to shareholders of record at the close of business on April 15, 2021. The Company previously announced in February 2021 that its Board approved a 10% increase in its annual dividend rate to $7.80 per share following 2020s record operating cash flow.

Watsco has paid dividends for 47 consecutive years. The Companys philosophy is to share increasing amounts of... More