Watsco, Inc.

Watsco, Inc.

WSOยทNYSE

$368.36

+1.2%
IndustrialsIndustrial - Distribution

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.

At a Glance

Live Snapshot
Market Cap$14.98B
EPS12.2500
P/E Ratio30.07
Earnings Date07/29/2026
0.88%
Dividend Yield
-7%
3Y+7.0%
5Y+18.0%
10Y+46.0%
154.00%
Dividend Payout Ratio
-9%
3Y+78.0%
5Y+24.0%
10Y+230.0%
3Y+28.0%
5Y+78.0%
10Y+304.0%
Watsco, Inc.

Watsco, Inc. Dividend History

WSO ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

WSO Dividend Payment History

WSO ยท NYSE

Total Payments

50

Latest Dividend

$3.3000

Annual Amount

$12.3000

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Apr 1, 2026
Apr 16, 2026Apr 30, 2026
$3.3000
$3.3000
Quarterly+10.00%
Jan 2, 2026
Jan 16, 2026Jan 30, 2026
$3.0000
$3.0000
Quarterly0.00%
Oct 1, 2025
Oct 16, 2025Oct 31, 2025
$3.0000
$3.0000
Quarterly0.00%
Jul 1, 2025
Jul 16, 2025Jul 31, 2025
$3.0000
$3.0000
Quarterly0.00%
Apr 1, 2025
Apr 15, 2025Apr 30, 2025
$3.0000
$3.0000
Quarterly+11.11%
Jan 2, 2025
Jan 17, 2025Jan 31, 2025
$2.7000
$2.7000
Quarterly0.00%
Oct 1, 2024
Oct 16, 2024Oct 31, 2024
$2.7000
$2.7000
Quarterly0.00%
Jul 1, 2024
Jul 16, 2024Jul 31, 2024
$2.7000
$2.7000
Quarterly0.00%
Apr 1, 2024
Apr 15, 2024Apr 30, 2024
$2.7000
$2.7000
Quarterly+10.20%
Jan 2, 2024
Jan 17, 2024Jan 31, 2024
$2.4500
$2.4500
Quarterly0.00%
Oct 2, 2023
Oct 17, 2023Oct 31, 2023
$2.4500
$2.4500
Quarterly0.00%
Jul 3, 2023
Jul 17, 2023Jul 31, 2023
$2.4500
$2.4500
Quarterly0.00%
Apr 3, 2023
Apr 17, 2023Apr 28, 2023
$2.4500
$2.4500
Quarterly0.00%
Jan 3, 2023
Jan 17, 2023Jan 31, 2023
$2.4500
$2.4500
Quarterly+11.36%
Oct 3, 2022
Oct 17, 2022Oct 31, 2022
$2.2000
$2.2000
Quarterly0.00%
Jul 1, 2022
Jul 15, 2022Jul 29, 2022
$2.2000
$2.2000
Quarterly0.00%
Apr 2, 2022
Apr 14, 2022Apr 29, 2022
$2.2000
$2.2000
Quarterly+12.82%
Jan 3, 2022
Jan 14, 2022Jan 31, 2022
$1.9500
$1.9500
Quarterly0.00%
Oct 1, 2021
Oct 15, 2021Oct 29, 2021
$1.9500
$1.9500
Quarterly0.00%
Jul 1, 2021
Jul 15, 2021Jul 30, 2021
$1.9500
$1.9500
Quarterly0.00%
Apr 1, 2021
Apr 15, 2021Apr 30, 2021
$1.9500
$1.9500
Quarterly+9.86%
Jan 4, 2021
Jan 15, 2021Jan 29, 2021
$1.7750
$1.7750
Quarterly0.00%
Oct 1, 2020
Oct 15, 2020Oct 30, 2020
$1.7750
$1.7750
Quarterly0.00%
Jul 1, 2020
Jul 16, 2020Jul 31, 2020
$1.7750
$1.7750
Quarterly0.00%
Apr 1, 2020
Apr 15, 2020Apr 30, 2020
$1.7750
$1.7750
Quarterly+10.94%
Jan 2, 2020
Jan 16, 2020Jan 31, 2020
$1.6000
$1.6000
Quarterly0.00%
Oct 1, 2019
Oct 15, 2019Oct 31, 2019
$1.6000
$1.6000
Quarterly0.00%
Jul 1, 2019
Jul 16, 2019Jul 31, 2019
$1.6000
$1.6000
Quarterly0.00%
Apr 1, 2019
Apr 15, 2019Apr 30, 2019
$1.6000
$1.6000
Quarterly0.00%
Jan 2, 2019
Jan 16, 2019Jan 31, 2019
$1.6000
$1.6000
Quarterly+10.34%
Oct 1, 2018
Oct 15, 2018Oct 31, 2018
$1.4500
$1.4500
Quarterly0.00%
Jul 2, 2018
Jul 17, 2018Jul 31, 2018
$1.4500
$1.4500
Quarterly0.00%
Apr 2, 2018
Apr 16, 2018Apr 30, 2018
$1.4500
$1.4500
Quarterly+16.00%
Jan 2, 2018
Jan 16, 2018Jan 31, 2018
$1.2500
$1.2500
Quarterly0.00%
Oct 2, 2017
Oct 16, 2017Oct 31, 2017
$1.2500
$1.2500
Quarterly0.00%
Jul 3, 2017
Jul 17, 2017Jul 31, 2017
$1.2500
$1.2500
Quarterly+19.05%
Apr 3, 2017
Apr 14, 2017Apr 28, 2017
$1.0500
$1.0500
Quarterly0.00%
Jan 3, 2017
Jan 17, 2017Jan 31, 2017
$1.0500
$1.0500
Quarterly0.00%
Oct 3, 2016
Oct 17, 2016Oct 31, 2016
$1.0500
$1.0500
Quarterly+23.53%
Jul 1, 2016
Jul 15, 2016Jul 29, 2016
$0.8500
$0.8500
Quarterly0.00%
Apr 1, 2016
Apr 15, 2016Apr 29, 2016
$0.8500
$0.8500
Quarterly0.00%
Jan 4, 2016
Jan 15, 2016Jan 29, 2016
$0.8500
$0.8500
Quarterly+21.43%
Oct 1, 2015
Oct 15, 2015Oct 30, 2015
$0.7000
$0.7000
Quarterly0.00%
Jul 1, 2015
Jul 15, 2015Jul 31, 2015
$0.7000
$0.7000
Quarterly0.00%
Apr 1, 2015
Apr 15, 2015Apr 30, 2015
$0.7000
$0.7000
Quarterly0.00%
Jan 6, 2015
Jan 21, 2015Jan 30, 2015
$0.7000
$0.7000
Quarterly+16.67%
Oct 1, 2014
Oct 15, 2014Oct 31, 2014
$0.6000
$0.6000
Quarterly0.00%
Jul 1, 2014
Jul 15, 2014Jul 31, 2014
$0.6000
$0.6000
Quarterly+50.00%
Apr 1, 2014
Apr 15, 2014Apr 30, 2014
$0.4000
$0.4000
Quarterly0.00%
Jan 2, 2014
Jan 15, 2014Jan 31, 2014
$0.4000
$0.4000
Quarterly-
wso

Watsco, Inc. Payout Ratio Analysis

WSO ยท NYSE
Dividends Paid
-473.76M
2025
Net Income
496.99M
2025
Payout Ratio
95.33%
2025

Dividend Sustainability Analysis

Payout Ratio
95.33%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
88.5%

Moderate FCF concern. Most free cash flow goes to dividends, limiting flexibility. Monitor CapEx needs and ensure FCF isn't declining.

Dividend Growth
-11.9%

Significant dividend reduction signals serious challenges. Company prioritizing financial stability over shareholder returns. High risk of further cuts.

Sustainability
Fair

Dividend sustainability questionable. Monitor closely for signs of stress. Consider whether yield justifies the risk.

Key Insight

Recent dividend cut signals distress: Management forced to reduce payout, indicating financial pressure. Evaluate whether business challenges are temporary or structural before reinvesting.