Watsco Shareholders Scheduled for Dividends
(Courtesy of Watsco Inc.)
MIAMI — The board of directors at Watsco Inc. has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock, payable on Friday, Jan. 31, to shareholders of record at the close of business on Friday, Jan. 17.
Watsco, a major distributor of HVACR products, has locations in the U.S., Canada, and Mexico, and exports products to Latin America and the Caribbean. The company 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 and the continued capacity to build its distribution network, a press release from Watsco said.
Future changes in dividends are considered in light of investment opportunities, cash flow, general economic conditions, and Watsco’s overall financial condition.
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