Watsco Declares $3.30 Quarterly Dividend

Rhea-AI Summary

Watsco (NYSE: WSO) declared a regular quarterly cash dividend of $3.30 per share, payable April 30, 2026 to shareholders of record at close of business April 16, 2026. This raises the annual rate 10% to $13.20 per share. Watsco has paid dividends for 52 consecutive years and cited a strong balance sheet supporting continued dividend increases.

Positive

• Dividend +10% to an annual rate of $13.20 per share
• Quarterly dividend of $3.30 payable April 30, 2026; record date April 16, 2026
• 52 consecutive years of dividend payments
• Company cites strong balance sheet as support for dividend policy

Negative

• None.

News Market Reaction – WSO

+3.33%

1 alert

+3.33% News Effect

On the day this news was published, WSO gained 3.33%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Reflects 10% Increase to Annual Rate of $13.20 Per Share

MIAMI, April 01, 2026 (GLOBE NEWSWIRE) -- Watsco, Inc.’s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $3.30 on each outstanding share of its Common and Class B common stock payable on April 30, 2026 to shareholders of record at the close of business on April 16, 2026. This marks a 10% increase to an annual rate of $13.20 per share.

Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are pleased to increase dividends to shareholders, reflecting our continued confidence in our business, which is fundamentally supported by our strong balance sheet.”

Watsco has paid dividends to shareholders for 52 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 in the highly-fragmented North American HVAC/R market. Since entering distribution in 1989, Watsco has achieved a 17% compounded annual total-shareholder return through a combination of organic growth and the acquisition of more than 70 market-leading businesses.

Watsco’s solid financial position and culture of innovation has enabled investments in long-term growth, including the Company’s industry-leading technology platforms. Today, approximately 73,000 contractors, installers and technicians engage digitally with the Company, resulting in improved growth and lower attrition. The Company is now advancing AI-driven initiatives to leverage its extensive data assets to enhance the customer experience and improve efficiencies. These investments position Watsco to capture market share as contractors increasingly adopt digital tools and incorporate data-driven solutions in their businesses.

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 dividend did Watsco (WSO) declare on April 1, 2026?

Watsco declared a regular quarterly cash dividend of $3.30 per share. According to the company, this represents a 10% increase to an annual rate of $13.20 per share, effective for the April 30, 2026 payment.

When is the Watsco (WSO) dividend payable and what is the record date?

The dividend is payable on April 30, 2026 to shareholders of record at the close of business on April 16, 2026. According to the company, shareholders must be on the record by April 16 to receive the April 30 payment.

How long has Watsco (WSO) been paying dividends to shareholders?

Watsco has paid dividends to shareholders for 52 consecutive years. According to the company, this long track record reflects its dividend philosophy and commitment to returning cash to shareholders while maintaining a conservative balance sheet.

What does the 10% dividend increase mean for Watsco (WSO) shareholders?

The 10% increase raises the annual dividend to $13.20 per share, boosting cash returns to shareholders. According to the company, the raise signals confidence in its business and is supported by a strong balance sheet and cash flow philosophy.