MIAMI, FLORIDA, October 1, 1999 -- Watsco, Inc. (NYSE: WSO) announced today that its Board of Directors has declared regular quarterly cash dividends of 2.5 cents per share on both its Common Stock and Class B Common Stock. This marks Watsco's 100th consecutive regular quarterly dividend. The cash dividends are payable on October 29, 1999, to shareholders of record as of October 15, 1999. Watsco is the nation's largest distributor of air conditioning, heating and refrigeration equipment and related products in the highly fragmented distribution segment of the HVAC/R industry. The Company's strategy is to expand its network of distribution locations across the country. The Company currently operates 324 locations serving customers in 30 states with annual revenue of over $1 billion. The Company is actively pursuing opportunities for further growth throughout the country.