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)
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