Watsco Boosts Annual Dividend 10% to $10.80 Per Share
Watsco, Inc. (WSO)
Last watsco, inc. earnings: 4/23 07:30 am
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watsco.com
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Source: GlobeNewswire
MIAMI, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that its Board of Directors approved a 10% increase in its annual dividend to $10.80 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company’s next quarterly dividend payment in April 2024. Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are pleased to increase dividends to shareholders, reflecting the strength of our 2023 performance and our confidence in the prospects of our business, which is fundamentally supported by our strong balance sheet.” Watsco has paid dividends to shareholders for 50 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 Wat
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- Watsco (WSO) Q1 Earnings & Revenues Lag, Margins Down Y/Y [Yahoo! Finance]Yahoo! Finance
- Watsco, Inc. (NYSE: WSO) had its price target raised by analysts at Robert W. Baird from $420.00 to $460.00. They now have an "outperform" rating on the stock.MarketBeat
WSO
Earnings
- 4/24/24 - Miss
WSO
Sec Filings
- 5/3/24 - Form 424B5
- 5/3/24 - Form 10-Q
- 4/26/24 - Form ARS
- WSO's page on the SEC website