By Colin Kellaher
Watsco's board has approved a 10% increase in the company's quarterly dividend, to $3.30 from $3.00.
The new payout, equal to $13.20 a year, would represent an annual yield of around 3.16% based on Thursday's closing price of $417.92, up from 2.87%.
The Miami distributor of air-conditioning, heating and refrigeration equipment on Tuesday said the increase will be effective with its next quarterly dividend payment in April.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 17, 2026 08:14 ET (13:14 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.