WSO - Dividend announcements

MIAMI, April 01, 2026 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.30 on each outstanding share of its Common and Class B common stock payable on April 30, 2026 to shareholders of record at the close of business on April 16, 2026. This marks a 10% increase to an annual rate of $13.20 per share. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, reflecting our continued confidence in our business, which is fundamentally supported by our strong balance sheet." Watsco has paid dividends to shareholders for 52 consecutive years. The Company's philosophy is to share c

MIAMI, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that its Board of Directors approved a 10% increase in its annual dividend to $13.20 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 2026. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, which reflects our confidence in the prospects of our business and is supported by our strong cash flow and balance sheet." Watsco has paid dividends to shareholders for 52 consecutive years. The Company's philosophy is to share cash flow through dividends whi

MIAMI, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on January 30, 2026 to shareholders of record at the close of business on January 16, 2026. Watsco has paid dividends to shareholders for 52 consecutive years. The Company's philosophy is to share cash flow through dividends while keeping a conservative balance sheet with continued capacity to build its distribution network. Future changes in dividends will be considered in light of investment opportunities, cash flow, general economic conditions and Watsco's overall financial

MIAMI, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on October 31, 2025 to shareholders of record at the close of business on October 16, 2025. Watsco has paid dividends to shareholders for 51 consecutive years. The Company's philosophy is to share cash flow through dividends while keeping a conservative balance sheet with continued capacity to build its distribution network. Future changes in dividends will be considered in light of investment opportunities, cash flow, general economic conditions and Watsco's overall financial

MIAMI, July 01, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on July 31, 2025 to shareholders of record at the close of business on July 16, 2025. Watsco has paid dividends to shareholders for 51 consecutive years, with this quarter marking the 200th consecutive quarter of dividend payments. The Company's philosophy is to share cash flow through 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

MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on April 30, 2025 to shareholders of record at the close of business on April 15, 2025. This marks an 11% increase to an annual rate of $12.00 per share. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, reflecting our continued confidence in our business, which is fundamentally supported by our strong balance sheet." Watsco has paid dividends to shareholders for 51 consecutive years. The Company's philosophy is to sh

MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that its Board of Directors approved an 11% increase in its annual dividend to $12.00 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 2025. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, reflecting the strength of our 2024 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 51 consecutive years. The Company's philosophy is

MIAMI, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on January 31, 2025 to shareholders of record at the close of business on January 17, 2025. Watsco has paid dividends to shareholders for 51 consecutive years. The Company's philosophy is to share cash flow through 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 Watsco's overall financial

MIAMI, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on October 31, 2024 to shareholders of record at the close of business on October 16, 2024. Watsco has paid dividends to shareholders for 50 consecutive years. The Company's philosophy is to share cash flow through 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 Watsco's overall financial

MIAMI, July 01, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on July 31, 2024 to shareholders of record at the close of business on July 16, 2024. Watsco has paid dividends to shareholders for 50 consecutive years. The Company's philosophy is to share cash flow through 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 Watsco's overall financial condit

MIAMI, April 01, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on April 30, 2024 to shareholders of record at the close of business on April 15, 2024. Albert H. Nahmad, Watsco's Chairman & CEO, stated: "We are pleased to increase dividends to shareholders, reflecting 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 cash flow through dividends while maintaining a conservati

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

MIAMI, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock payable on January 31, 2024 to shareholders of record at the close of business on January 17, 2024. Albert H. Nahmad, Watsco's Chairman and CEO stated: "This marks our 50th consecutive year of paying dividends. We believe this represents an extraordinary milestone, especially given the Company's strong track record of growth. We are very pleased to share our success with shareholders through dividends, which have grown at a compounded annual growth rate of 21% since Watsco entered dist

MIAMI, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock payable on October 31, 2023 to shareholders of record at the close of business on October 17, 2023. Watsco has paid dividends for 49 consecutive years and has consistently shared increasing levels of cash flow through dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network. Watsco is the largest participant in the highly fragmented $50+ billion North American HVAC/R distribution market. Since entering distribution in 1989, rev

MIAMI, July 03, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock payable on July 31, 2023 to shareholders of record at the close of business on July 17, 2023. Watsco has paid dividends for 49 consecutive years and has consistently shared increasing levels of cash flow through dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network. Watsco is the largest participant in the highly fragmented $50+ billion North American HVAC/R distribution market. Since entering distribution in 1989, sales and

MIAMI, June 08, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) today announced it was named to the Fortune 500 list of companies by Fortune Magazine. Watsco ranked 495 overall on the list marking an important milestone for the Company. The 2023 Fortune 500 list ranks the largest United States corporations based on 2022 fiscal year revenue. Watsco's total revenues reached a record high of $7.3 billion in 2022. Through its entrepreneurial and technology-driven culture, Watsco has established itself as the largest participant in the highly fragmented $50+ billion North American HVAC/R distribution market. Since entering distribution in 1989, sales and operating income have grown at compo

MIAMI, April 03, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock payable on April 28, 2023 to shareholders of record at the close of business on April 17, 2023. Watsco has paid dividends to shareholders for 49 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

MIAMI, March 17, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) today announced that it has signed a $600 million unsecured revolving credit facility led by Bank of America, N.A. as Administrative Agent, JPMorgan Chase Bank, N.A. as Syndication Agent, and Wells Fargo Bank, National Association and U.S. Bank National Association as Documentation Agents including six other banks. In anticipation of the cessation of the London Interbank Offered Rate ("LIBOR"), this facility is linked to the new Secured Overnight Financing Rate ("SOFR"). The new facility replaces Watsco's existing $560 million unsecured revolving credit facility. Borrowings under the five-year $600 million unsecured credit

MIAMI, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock payable on January 31, 2023 to shareholders of record at the close of business on January 17, 2023. Watsco has paid dividends to shareholders for 49 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 an

MIAMI, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that its Board of Directors has approved an 11% increase in its annual dividend to $9.80 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company's quarterly dividend payment beginning in January 2023. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, reflecting the strength of our 2022 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 48 consecutive years.

MIAMI, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.20 on each outstanding share of its Common and Class B common stock payable on October 31, 2022 to shareholders of record at the close of business on October 17, 2022. Watsco has paid dividends to shareholders for 48 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 an

MIAMI, July 01, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.20 on each outstanding share of its Common and Class B common stock payable on July 29, 2022 to shareholders of record at the close of business on July 15, 2022. Watsco has paid dividends to shareholders for 48 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 Wats

MIAMI, April 01, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.20 on each outstanding share of its Common and Class B common stock payable on April 29, 2022 to shareholders of record at the close of business on April 14, 2022. Watsco has paid dividends to shareholders for 48 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 W

MIAMI, March 07, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it has been named to the FORTUNE Magazine 2022 World's Most Admired Company list. FORTUNE conducts a comprehensive global survey of thought leaders annually across 52 industries to determine which companies excel in a variety of factors including long-term investment value, innovation, quality of management, social responsibility, competitiveness, financial stability and ability to attract talent. This year marks Watsco's inclusion into this important list of companies. Albert H. Nahmad, Watsco's Chairman and CEO said: "It is an honor to be recognized as one of FORTUNE's Most Admired Companies.

MIAMI, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that its Board of Directors has approved a 13% increase in its annual dividend to $8.80 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 2022. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to our shareholders, which reflects the strength of our recent performance and our continued confidence in our business." Watsco has paid dividends to shareholders for 48 consecutive years. The Company's philosophy is to share increasing amounts of cash flow t

MIAMI, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $1.95 on each outstanding share of its Common and Class B common stock payable on January 31, 2022 to shareholders of record at the close of business on January 14, 2022. Watsco has paid dividends for 48 consecutive years. The Company's philosophy is to share increasing amounts of cash flow with shareholders through higher dividends while maintaining a conservative financial position. Future dividends will be considered in light of investment opportunities, cash flow, general economic conditions and the Company's financial condition. About Watsco Watsco

MIAMI, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $1.95 on each outstanding share of its Common and Class B common stock payable on October 29, 2021 to shareholders of record at the close of business on October 15, 2021. Watsco has paid dividends for 47 consecutive years. The Company's philosophy is to share increasing amounts of cash flow with shareholders through higher dividends while maintaining a conservative financial position. Future dividends will be considered in light of investment opportunities, cash flow, general economic conditions and the Company's financial condition. About Watsco

MIAMI, July 01, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $1.95 on each outstanding share of its Common and Class B common stock payable on July 30, 2021 to shareholders of record at the close of business on July 15, 2021. Watsco has paid dividends for 47 consecutive years. The Company's philosophy is to share increasing amounts of cash flow with shareholders through higher dividends while maintaining a conservative financial position. Future dividends will be considered in light of investment opportunities, cash flow, general economic conditions and the Company's financial condition. About Watsco Watsco

MIAMI, April 01, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc.’s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $1.95 on each outstanding share of its Common and Class B common stock payable on April 30, 2021 to shareholders of record at the close of business on April 15, 2021. The Company previously announced in February 2021 that its Board approved a 10% increase in its annual dividend rate to $7.80 per share following 2020’s record operating cash flow. Watsco has paid dividends for 47 consecutive years. The Company’s philosophy is to share increasing amounts of cash flow with shareholders through higher dividends while maintaining a conservative financial pos

MIAMI, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that its Board of Directors has approved a 10% increase in its annual dividend to $7.80 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 2021. Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are pleased to increase dividends to our shareholders, which reflects our confidence in the business and is supported by our strong cash flow and balance sheet.” Watsco has paid dividends to shareholders for 47 consecutive years. The Company’s philosophy is to share increasing amounts

Annual Records Achieved for EPS, Sales, Profitability and Cash Flow 10% Dividend Raise to $7.80 Following Record Performance MIAMI, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record fourth quarter results. Watsco set new annual records for earnings per share (EPS), sales, operating income, net income and operating cash flow. Watsco also announced that its Board of Directors approved a 10% increase in its annual dividend to $7.80 per share to be reflected in the Company’s next regular quarterly payment in April 2021.Watsco’s entrepreneurial culture, which empowers leaders to think and act locally, proved critically important in responding to changing market condi