Watsco Inc. (NYSE:WSO) Board Authorize Quarterly Dividend of $ 1.60

Watsco Inc. (NYSE:WSO) declared quarterly dividend of $ 1.60 per share, or $ 6.40 annualized.

The dividend will be payable on January 31, 2019, to stockholders of record on January 16, 2019, with an ex-dividend date of January 15, 2019.

Albert H. Nahmad, Chairman & CEO stated, We are pleased to be able to increase dividends to our shareholders. This latest increase reflects our confidence in the business and is supported by our continued cash flow and strong balance sheet.

According to the previous trading day last sale of WSO was $ 139.14, representing a 5.51 % increase from the 52 week low of $ 131.88 and a 27.88 % decrease over the 52 week high of $ 192.94.

The dividend yield based on the latest trading day closing price was 4.60 %. Owners of shares as of market close on January 15, 2019 will be eligible for the dividend.

Watsco Inc. has a market capital of $ 4.78 billion and is part of the Services sector and Electronics Wholesale industry.