Watsco (WSO) Raises Quarterly Dividend 12.8% to $2.20; 2.9% Yield

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Go back to Watsco (WSO) Raises Quarterly Dividend 12.8% to $2.20; 2.9% Yield

Watsco Boosts Annual Dividend 13% to $8.80 Per Share

April 1, 2022 7:30 AM EDT

MIAMI, April 01, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc.s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $2.20 on each outstanding share of its Common and Class B common stock payable on April 29, 2022 to shareholders of record at the close of business on April 14, 2022.

Watsco has paid dividends to shareholders for 48 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 its distribution network. Future changes in dividends are... More