Watsco Declares $2.70 Quarterly Dividend
Watsco (NYSE: WSO) has declared a quarterly cash dividend of $2.70 per share on both Common and Class B common stock, payable on January 31, 2025, to shareholders of record as of January 17, 2025. The company has maintained a 51-year streak of dividend payments, emphasizing its commitment to sharing cash flow while maintaining a conservative balance sheet.
As the largest distributor of HVAC/R products across the United States, Canada, Mexico, and Puerto Rico, Watsco focuses on the replacement market. According to March 2023 data, approximately 102 million HVAC systems in the US have been operating for over 10 years below current efficiency standards. The company has contributed to environmental sustainability by averting an estimated 21.8 million metric tons of CO2e emissions from January 2020 to September 2024 through higher-efficiency HVAC system sales.
Watsco (NYSE: WSO) ha dichiarato un dividendo in contante trimestrale di $2,70 per azione sia per le azioni ordinarie che per le azioni di Classe B, che sarà pagato il 31 gennaio 2025, agli azionisti registrati al 17 gennaio 2025. L'azienda ha mantenuto una serie di pagamenti di dividendi per 51 anni, sottolineando il suo impegno a condividere il flusso di cassa mantenendo al contempo un bilancio conservativo.
Essendo il più grande distributore di prodotti HVAC/R negli Stati Uniti, in Canada, in Messico e a Porto Rico, Watsco si concentra sul mercato della sostituzione. Secondo i dati di marzo 2023, circa 102 milioni di sistemi HVAC negli Stati Uniti sono in funzione da oltre 10 anni al di sotto degli attuali standard di efficienza. L'azienda ha contribuito alla sostenibilità ambientale evitando circa 21,8 milioni di tonnellate di emissioni di CO2e dal gennaio 2020 a settembre 2024 grazie alle vendite di sistemi HVAC ad alta efficienza.
Watsco (NYSE: WSO) ha declarado un dividendo en efectivo trimestral de $2.70 por acción tanto en acciones comunes como en acciones de Clase B, que se pagará el 31 de enero de 2025 a los accionistas registrados a partir del 17 de enero de 2025. La compañía ha mantenido una racha de 51 años de pagos de dividendos, enfatizando su compromiso de compartir el flujo de caja mientras mantiene un balance conservador.
Como el mayor distribuidor de productos HVAC/R en Estados Unidos, Canadá, México y Puerto Rico, Watsco se centra en el mercado de reemplazo. Según datos de marzo de 2023, aproximadamente 102 millones de sistemas HVAC en EE. UU. han estado operando por más de 10 años por debajo de los estándares de eficiencia actuales. La compañía ha contribuido a la sostenibilidad ambiental al evitar aproximadamente 21.8 millones de toneladas métricas de emisiones de CO2e desde enero de 2020 hasta septiembre de 2024 a través de las ventas de sistemas HVAC de mayor eficiencia.
Watsco (NYSE: WSO)는 $2.70의 분기 현금 배당금을 보통주 및 B 클래스 보통주에 대해 선언하였으며, 지급일은 2025년 1월 31일입니다. 배당금은 2025년 1월 17일 기준 주주에게 지급됩니다. 이 회사는 51년 동안 배당금을 지급해온 기록을 유지하고 있으며, 보수적인 재무 구조를 유지하면서 현금 흐름을 공유하겠다는 의지를 강조하고 있습니다.
미국, 캐나다, 멕시코 및 푸에르토 리코에서 HVAC/R 제품의 최대 유통업체인 Watsco는 교체 시장에 집중하고 있습니다. 2023년 3월 데이터에 따르면, 미국에서 약 1억 200만 대의 HVAC 시스템이 현재의 효율 기준 이하로 10년 이상 운영되고 있습니다. 이 회사는 2020년 1월부터 2024년 9월까지의 고효율 HVAC 시스템 판매를 통해 약 2180만 미터톤의 CO2e 배출을 줄이는 데 기여하여 환경 지속 가능성에 이바지했습니다.
Watsco (NYSE: WSO) a déclaré un dividende en espèces trimestriel de $2.70 par action, tant pour les actions ordinaires que pour les actions de Classe B, payable le 31 janvier 2025, aux actionnaires inscrits au 17 janvier 2025. L'entreprise a maintenu une série de paiements de dividendes pendant 51 ans, soulignant son engagement à partager le flux de trésorerie tout en conservant un bilan conservateur.
En tant que plus grand distributeur de produits HVAC/R aux États-Unis, au Canada, au Mexique et à Porto Rico, Watsco se concentre sur le marché du remplacement. Selon les données de mars 2023, environ 102 millions de systèmes HVAC aux États-Unis fonctionnent depuis plus de 10 ans en-dessous des normes d'efficacité actuelles. L'entreprise a contribué à la durabilité environnementale en évitant environ 21,8 millions de tonnes d'émissions de CO2e entre janvier 2020 et septembre 2024 grâce aux ventes de systèmes HVAC à haute efficacité.
Watsco (NYSE: WSO) hat eine vierteljährliche Bardividende von $2,70 pro Aktie sowohl für Stammaktien als auch für die Klasse B-Stammaktien angekündigt, die am 31. Januar 2025 an die zum 17. Januar 2025 eingetragenen Aktionäre ausgezahlt wird. Das Unternehmen hat eine 51-jährige Serie von Dividendenzahlungen aufrechterhalten und betont damit sein Engagement, den Cashflow zu teilen und gleichzeitig eine konservative Bilanz zu führen.
Als größter Distributor von HVAC/R-Produkten in den Vereinigten Staaten, Kanada, Mexiko und Puerto Rico konzentriert sich Watsco auf den Ersatzmarkt. Laut Daten von März 2023 waren in den USA etwa 102 Millionen HVAC-Systeme seit mehr als 10 Jahren unter den derzeitigen Effizienzstandards im Einsatz. Das Unternehmen hat zur Umweltverträglichkeit beigetragen, indem es von Januar 2020 bis September 2024 schätzungsweise 21,8 Millionen metrische Tonnen CO2e-Emissionen durch den Verkauf von hocheffizienten HVAC-Systemen vermieden hat.
- 51-year consistent dividend payment track record
- Maintains strong market position as largest HVAC/R distributor
- Large market opportunity with 102 million aging HVAC systems in US
- Significant environmental impact through efficiency improvements
- None.
MIAMI, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.’s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of
Watsco 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 with continued capacity to build its distribution network. Future changes in dividends are considered in light of investment opportunities, cash flow, general economic conditions and Watsco’s overall financial condition.
About Watsco
Watsco is the largest distributor of heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean.
We focus on the replacement market, which has increased in size and importance as a result of the aging of installed systems, the introduction of higher energy efficient models and the necessity of HVAC products in homes and businesses. According to data published in March 2023 by the Energy Information Administration, there are approximately 102 million HVAC systems installed in the United States that have been in service for more than 10 years, most of which operate well below current minimum efficiency standards.
Accordingly, Watsco has the opportunity to be a significant and important contributor toward climate change as it plays an important role to lower CO2e emissions. According to the Department of Energy, HVAC systems account for roughly half of U.S. household energy consumption. As such, replacing older systems at higher efficiency levels is a critical means for homeowners to reduce electricity consumption and their carbon footprint.
Based on estimates validated by independent sources, Watsco averted an estimated 21.8 million metric tons of CO2e emissions from January 1, 2020 to September 30, 2024 through the sale of replacement HVAC systems at higher-efficiency standards, an equivalent of eliminating 5.2 million gas powered vehicles off the road annually. More information, including sources and assumptions used to support the Company’s estimates, can be found at www.watsco.com.
This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,” the negative of these terms, and similar references to future periods. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in economic, business, competitive market, new housing starts and completions, capital spending in commercial construction, consumer spending and debt levels, regulatory and other factors, including, without limitation, the effects of supplier concentration, competitive conditions within Watsco’s industry, the seasonal nature of sales of Watsco’s products, the ability of the Company to expand its business, insurance coverage risks and final GAAP adjustments.
Detailed information about these factors and additional important factors can be found in the documents that Watsco files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. Watsco assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except as required by applicable law.
Barry S. Logan
Executive Vice President
(305) 714-4102
e-mail: blogan @watsco.com
FAQ
What is Watsco's (WSO) latest quarterly dividend amount for 2025?
When is Watsco's (WSO) next dividend payment date in 2025?
How many consecutive years has Watsco (WSO) paid dividends?
How many metric tons of CO2e emissions has Watsco (WSO) averted through September 2024?
How many aging HVAC systems are installed in the US according to Watsco's (WSO) 2023 data?
