Watsco hikes dividend by 19% Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Watsco As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Watsco As of October 10, 2023	WSO	$9.80	11.4%	12.8%	9.9%
HVAC/R Distribution	2.5%	10	11.1%	Quarter	1975

Watsco hikes dividend by 19%

Monday 3 July 2017

Watsco Inc (WSO) will raise its quarterly dividend to $1.25 per share. The next dividend is payable on July 31, 2017 to shareholders of record at the close of business on July 17, 2017.

Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are pleased to be able to increase dividends to our shareholders. This latest increase reflects our confidence in the business and is supported by our continued cash flow and strong balance sheet.”

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.

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