Watsco Board Approves 10% Increase In Its Annual Dividend To $10.80 Per Share
Portfolio Pulse from Benzinga Newsdesk
Watsco's board has approved a 10% increase in its annual dividend, raising it to $10.80 per share. This increase will be applied starting with the next quarterly dividend payment in April 2024.
February 13, 2024 | 12:07 pm
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Watsco's board has approved a 10% increase in its annual dividend to $10.80 per share, effective from April 2024.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. This substantial increase in Watsco's dividend is likely to attract income-focused investors and could lead to a short-term uptick in the stock price as it reflects the company's strong performance and commitment to returning value to shareholders.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100