Watsco Inc. (WSO) Announces a Special Dividend of $5
Posted on October 1, 2012
Watsco Inc. (WSO) is paying a $5 special dividend. I don't have any special insights on the name yet. Their enterprise value is higher than I would like. I prefer stocks to pay dividends with cash-on-hand.
Watsco Announces Special Dividend of $5.00 and Regular Quarterly Dividend of 62 Cents Per Share
MIAMI-(BUSINESS WIRE)-Oct. 1, 2012- "Watsco, Inc. (NYSE:WSO) (Paris: WSO) announced today that the Company's Board of Directors declared a special cash dividend of $5.00 per share, totaling approximately $172 million, and a quarterly cash dividend of 62 cents per share, both payable on October 31, 2012 to shareholders of record at the close of business on October 15, 2012....."
Todd Johnson, Editor