MIAMI--(BUSINESS WIRE)--Oct. 1, 2014--
Watsco, Inc. (NYSE: WSO) (Paris: WSO) announced today that its Board of
Directors has declared a regular quarterly cash dividend of 60 cents on
each outstanding share of its Common and Class B common stock. The cash
dividend is payable on October 31, 2014 to shareholders of record at the
close of business on October 15, 2014.
Watsco has paid quarterly cash dividends every year since 1975.
Watsco improves indoor living and working environments with air
conditioning and heating solutions that provide comfort regardless of
the outdoor climate. Our solutions also promote healthier indoor spaces
by removing pollutants from the indoor air that can lead to asthma,
allergies and reductions in productivity. Furthermore, since heating and
cooling accounts for approximately half of the energy consumed in a
typical United States home, we offer consumers the greatest opportunity
to save money on energy by replacing existing air conditioning and
heating systems with more energy efficient and environmentally friendly
There are approximately 89 million central air conditioning and heating
systems installed in the United States that have been in service for
more than 10 years. Older systems often operate below today’s government
mandated energy efficiency and environmental standards. Watsco has an
opportunity to accelerate the replacement of these systems at a scale
greater than our competitors as the movement toward reducing energy
consumption and its environmental impact continues. We operate from 568
locations in the United States, Canada, Mexico and Puerto Rico, with
additional market coverage on an export basis to Latin America and the
Caribbean. As the industry leader, significant growth potential remains
given that the estimated marketplace in the Americas for HVAC/R products
is $35 billion. Additional information about Watsco may be found at http://www.watsco.com.
Source: Watsco, Inc.
Barry S. Logan, 305-714-4102