- Watsco Inc (NYSE: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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