MIAMI--(BUSINESS WIRE)--Apr. 1, 2015--
Watsco, Inc. (NYSE:WSO) (Paris:WSO) announced today that its Board of
Directors has declared a regular quarterly cash dividend of 70 cents on
each outstanding share of its Common and Class B common stock. The cash
dividend is payable on April 30, 2015 to shareholders of record at the
close of business on April 15, 2015.
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 U.S. 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 more
than 570 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 approximately $35 billion. Additional information about
Watsco may be found at http://www.watsco.com.
Source: Watsco, Inc.
Barry S. Logan, 305-714-4102
Senior Vice President