NYSE:WSOTrade Distributors
Watsco Dividend Raised 10% As Valuation And Cash Coverage Weighed
Watsco (NYSE:WSO) announced that its Board of Directors approved a 10% increase in its annual dividend.
The decision represents a material change in the company’s capital return to shareholders.
Watsco, a large distributor of air conditioning, heating and refrigeration equipment, sits at the crossroads of residential and commercial demand for climate systems. For income focused investors, a 10% increase in the annual dividend is a meaningful signal about how the Board views the company’s...