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0.00904053659959178 0.00904053659959178 0.00904053659959178 -0.00536599591717695 -0.0159813356663749 -0.0291046952464274 -0.0422863808690579 -0.0434237386993292
Stockreport

Watsco Boosts Annual Dividend 16% to $5.80 Per Share

WATSCO (WSO)  More Company Research Source: GlobeNewswire
Last watsco earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: watsco.com
PDF MIAMI, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that its Board of Directors has approved a 16% increase in its annual dividend to $5.80 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company’s next regular dividend payment beginning in April 2018. Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are pleased to be able to increase dividends to our shareholders and reflects our confidence in the business and is supported by our continued positive cash flow and strong balance sheet.” Watsco has paid dividends to shareholders for more than 40 consecutive years. The Company’s 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 considered in light of investment opportunities, cash flow, general economic conditions and Wa [Read more]

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