Watsco Inc.
S&P 500WSO/Industrials · Industrial Distribution/NYSE
Dividend Yield
3.10%
$12.30 · Annual Dividend
Dividend Safety Rating
WSO's dividend appears safe and well-supported. Strengths include a 1.0% net debt / total assets & 3.3x current ratio. Areas of concern: 98.4% earnings payout ratio & 81.3% cfo payout ratio. The dividend has been growing at a 11.06% 5-year CAGR.
Based on 14 of 15 metrics
Strengths
- Net Debt / Total Assets: 1.0%Healthy balance sheet with low net debt.
- Current Ratio: 3.3xStrong short-term liquidity to meet obligations.
- Debt-to-Equity: 15.1Conservative debt level relative to equity.
Risks
- Earnings Payout Ratio: 98.4%High earnings payout ratio leaves little safety margin.
- CFO Payout Ratio: 81.3%Operating cash flow leaves little room for the payout.
- Operating Margin: 6.9%Operating margin is thin and pressures the dividend.
Payout & Coverage
WarningBalance Sheet
Very SafeProfitability
CautionDividend Track Record
Very SafeAbout Watsco Inc.
Watsco Inc. is a prominent player in the distribution sector, serving as a leading distributor of air conditioning, heating, and refrigeration equipment and related parts in North America. With a comprehensive product lineup, Watsco caters primarily to the HVAC/R industry, serving both residential and commercial markets. The company is pivotal in supporting contractors and technicians by providing not only essential hardware but also cutting-edge climate control systems, including energy-efficient solutions that align with evolving sustainability standards. Established in the late 1940s and headquartered in Miami, Florida, Watsco has developed an extensive distribution network that enhances its capacity to meet regional demand variations quickly and effectively. Its role in the market is critical, as it supplies vital components that ensure the functionality and efficiency of heating and cooling systems, which are crucial for comfort and safety across various climate zones. Watsco's strategic focus on technological advancements and customer service further solidifies its stance as an influential entity in the HVAC/R industry, making it a significant contributor to both regional economies and broader climate control innovations.
Dividend Overview
Dividend Yield
3.10%
Annual Dividend
$12.30
Frequency
Quarterly
Payout Ratio
98.44%
FCF Payout Ratio
70.06%
52-Week Range
$323.05 - $494.94
Dividend History (2016–2025)
WSO annual dividend per share and yield history
Earnings & Profitability
WSO earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
April 16, 2026
Last Payment Date
April 30, 2026
Dividend Growth
3-Year Dividend CAGR
11.02%
5-Year Dividend CAGR
11.06%
10-Year Dividend CAGR
15.37%
3-Year Total Growth
36.84%
5-Year Total Growth
68.95%
10-Year Total Growth
317.86%
Income Calculator
Frequently Asked Questions
What is WSO's current dividend yield?
When is WSO's next dividend payment date?
How much does WSO pay in dividends per year?
Has WSO been increasing its dividend?
Is WSO's dividend safe?
How is WSO's Dividend Safety Rating calculated?
Want to understand how we rate dividend safety? Read our full methodology
Track WSO Dividends with OnlyDividends
What will WSO actually pay you after taxes? Track every payout, get notified on payment dates, and stop guessing.
This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.