Watsco Rewards Shareholders With Regular Quarterly Cash Dividend

by Shivani Kumaresan, Benzinga Staff Writer

January 3, 2023 8:39 AM | 1 min read | Make a Comment

Watsco Inc WSO Board of Directors has declared a quarterly cash dividend of $2.45 per share.
As announced in October, the company's Board increased its annual dividend by 11% to $9.80 per share.
The quarterly dividend will be payable on Jan. 31, 2023, to shareholders of record at the close of business on Jan. 17, 2023.
Watsco has paid dividends to shareholders for 49 consecutive years.
The company held $130.2 million in cash and equivalents as of Sept. 30, 2022.
Watsco is a distribution network for heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico and Puerto Rico.
Price Action: WSO shares closed lower by 1.25% at $249.40 on Friday.
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