Watsco (WSO) will raise its quarterly dividend by 16.7 percent to $0.70 per share in the first quarter of 2015. The indicated dividend yield for WSO is 2.6%.

Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies. In addition to the replacement market, Watsco sells to the new construction market.  The company was incorporated in Florida in 1956, and operates in the U.S. States, Canada, Mexico, and Puerto Rico with additional market coverage on an export basis to portions of Latin America and the Caribbean. Dividends have been paid every year since 1975.