MIAMI — Watsco Inc. has announced its board of directors has approved a 19 percent increase in its annual dividend to $5.00 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the company’s next regular dividend payment beginning in July 2017.
Albert H. Nahmad, Watsco 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 positive cash flow and our strong balance sheet.”