Watsco Inc. undefined said Friday it will raise its quarterly dividend by 13%, to boost the heating, air conditioning and refrigeration (HVAC/R)...
Watsco Inc. said Friday it will raise its quarterly dividend by 13%, to boost the heating, air conditioning and refrigeration distributor's dividend yield to more than double that of the S&P 500. The company said the new dividend of $2.20 a share, up from $1.95 a share, will be payable April 29 to shareholders of record on April 14. The stock was still inactive in premarket trading. Based on Thursday's closing price of $304.
WSO said Friday it will raise its quarterly dividend by 13%, to boost the heating, air conditioning and refrigeration distributor's dividend yield to more than double that of the S&P 500. The company said the new dividend of $2.20 a share, up from $1.95 a share, will be payable April 29 to shareholders of record on April 14. The stock was still inactive in premarket trading. Based on Thursday's closing price of $304.64, the new annual dividend rate implies a dividend yield of 2.
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