Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
Watsco Dividend Announcement
• Watsco announced a quarterly dividend of $2.70 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-10-16
• Watsco annual dividend for 2024 was $10.55
• Watsco annual dividend for 2023 was $9.80
• Watsco's trailing twelve-month (TTM) dividend yield is 2.77%
• Watsco's payout ratio for the trailing twelve months (TTM) is 78.74%
• Watsco's dividend growth over the last five years (2018-2023) was 11.84% year
• Watsco's dividend growth over the last ten years (2013-2023) was 23.89% year
Watsco Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-16 | $2.70 | quarterly | 2024-10-31 |
2024-07-16 | $2.70 | quarterly | 2024-07-31 |
2024-04-12 | $2.70 | quarterly | 2024-04-30 |
2024-01-16 | $2.45 | quarterly | 2024-01-31 |
2023-10-16 | $2.45 | quarterly | 2023-10-31 |
2023-07-14 | $2.45 | quarterly | 2023-07-31 |
2023-04-14 | $2.45 | quarterly | 2023-04-28 |
2023-01-13 | $2.45 | quarterly | 2023-01-31 |
2022-10-14 | $2.20 | quarterly | 2022-10-31 |
2022-07-14 | $2.20 | quarterly | 2022-07-29 |
2022-04-13 | $2.20 | quarterly | 2022-04-29 |
2022-01-13 | $1.95 | quarterly | 2022-01-31 |
2021-10-14 | $1.95 | quarterly | 2021-10-29 |
2021-07-14 | $1.95 | quarterly | 2021-07-30 |
2021-04-14 | $1.95 | quarterly | 2021-04-30 |
2021-01-14 | $1.77 | quarterly | 2021-01-29 |
2020-10-14 | $1.77 | quarterly | 2020-10-30 |
2020-07-15 | $1.77 | quarterly | 2020-07-31 |
2020-04-14 | $1.77 | quarterly | 2020-04-30 |
2020-01-15 | $1.60 | quarterly | 2020-01-31 |
2019-10-11 | $1.60 | quarterly | 2019-10-31 |
2019-07-15 | $1.60 | quarterly | 2019-07-31 |
2019-04-12 | $1.60 | quarterly | 2019-04-30 |
2019-01-15 | $1.60 | quarterly | 2019-01-31 |
2018-10-12 | $1.45 | quarterly | 2018-10-31 |
2018-07-16 | $1.45 | quarterly | 2018-07-31 |
2018-04-13 | $1.45 | quarterly | 2018-04-30 |
2018-01-12 | $1.25 | quarterly | 2018-01-31 |
2017-10-13 | $1.25 | quarterly | 2017-10-31 |
2017-07-13 | $1.25 | quarterly | 2017-07-31 |
2017-04-11 | $1.05 | quarterly | 2017-04-28 |
2017-01-12 | $1.05 | quarterly | 2017-01-31 |
2016-10-13 | $1.05 | quarterly | 2016-10-31 |
2016-07-13 | $0.85 | quarterly | 2016-07-29 |
2016-04-13 | $0.85 | quarterly | 2016-04-29 |
2016-01-13 | $0.85 | quarterly | 2016-01-29 |
2015-10-13 | $0.70 | quarterly | 2015-10-30 |
2015-07-13 | $0.70 | quarterly | 2015-07-31 |
2015-04-13 | $0.70 | quarterly | 2015-04-30 |
2015-01-16 | $0.70 | quarterly | 2015-01-30 |
2014-10-10 | $0.60 | quarterly | 2014-10-31 |
2014-07-11 | $0.60 | quarterly | 2014-07-31 |
2014-04-11 | $0.40 | quarterly | 2014-04-30 |
2014-01-13 | $0.40 | quarterly | 2014-01-31 |
2013-10-10 | $0.40 | quarterly | 2013-10-31 |
2013-07-11 | $0.25 | quarterly | 2013-07-31 |
2013-04-11 | $0.25 | quarterly | 2013-04-30 |
2013-01-23 | $0.25 | quarterly | 2013-01-31 |
Watsco Dividend per year
Watsco Dividend growth
Watsco Dividend Yield
Watsco current trailing twelve-month (TTM) dividend yield is 2.77%. Interested in purchasing Watsco stock? Use our calculator to estimate your expected dividend yield:
Watsco Financial Ratios
Watsco Dividend FAQ
Other factors to consider when evaluating Watsco as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Watsco's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Watsco publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Watsco distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Watsco are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Watsco sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Watsco distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Watsco declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Watsco's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Watsco's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.