Watsco declares $3.00 quarterly dividend payable October 31

MIAMI - Watsco, Inc. (NYSE:WSO) announced Wednesday that its Board of Directors has declared a regular quarterly cash dividend of $3.00 per share on both its Common and Class B common stock, representing a nearly 3% dividend yield. The dividend will be payable on October 31, 2025, to shareholders of record at the close of business on October 16, 2025. According to InvestingPro data, the company has achieved an 11.1% dividend growth over the last twelve months.

The HVAC products distributor has maintained a consistent dividend payment record, having paid dividends to shareholders for 51 consecutive years. The company’s strong financial position is reflected in its healthy current ratio of 3.08 and moderate debt levels. The company stated that its dividend philosophy centers on sharing cash flow while maintaining a conservative balance sheet that allows for continued expansion of its distribution network.

Watsco indicated that any future changes to its dividend policy would be evaluated based on investment opportunities, cash flow, general economic conditions, and the company’s overall financial position. Currently trading near its 52-week low, InvestingPro analysis suggests the stock is fairly valued, with 12 additional ProTips available for subscribers seeking deeper insights.

The company describes itself as the largest distributor in the North American HVAC products market, which it values at $74 billion. Since entering the distribution business in 1989, Watsco reports it has completed acquisitions of more than 70 market-leading businesses.

According to the press release statement, the company has been investing in technology platforms that currently engage with over 70,000 contractors, installers, and technicians. Watsco is also advancing artificial intelligence initiatives to leverage its data assets.

In other recent news, Watsco Inc. announced its earnings for the second quarter of 2025, which fell short of analyst expectations. The company reported earnings per share (EPS) of $4.52, missing the anticipated $4.80, resulting in a negative surprise of 5.83%. Additionally, Watsco’s revenue was reported at 2.06 billion USD, which was below the forecasted 2.23 billion USD, indicating a 7.62% shortfall. These results have been a significant development for investors, as earnings and revenue performance are critical indicators of a company’s financial health. There have been no recent reports of mergers involving Watsco. Analyst firms have not recently upgraded or downgraded Watsco’s stock. The company has not released other notable news or announcements recently.

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