Top 5 Supermarket Stocks To Invest In 2015: Watsco Inc.(WSO)
Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment in the United States. It distributes residential central air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipments. The company also distributes various parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies comprising thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. It serves approximately 50,000 contractors and dealers that service the replacement and new construction markets. The company also exports its products to Latin America and the Caribbean. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
Advisors' Opinion:- [By Marc Bastow]
HVAC parts and components distributor Watsco (WSO) announced a 60% dividend increase to 40 cents per share, payable Oct. 31 to shareholders of record as of Oct. 10.
WSO Dividend Yield: 1.7% - [By Michael Flannelly]
Watsco Inc (WSO), a distributor of air conditioning, heating, and refrigeration equipment, announced early on Wednesday that it is raising its quarterly dividend payout by 60%.
The company will now pay a quarterly dividend of 40 cents per share, up from the previous payout of 25 cents per share. This dividend will be paid on October 31 to shareholders of record on October 15, with an ex-dividend date of October 10.
Albert H. Nahmad, Watsco’s Chairman & Chief Executive Officer stated, “Our philosophy of sharing cash flow through dividends continues. As we have stated many times in the past, our go! al over the long-term is to pay increasing dividends while maintaining a conservative balance sheet with capacity to make investments in our business and build our network. We will consider future increases in light of such investment opportunities, cash flow, general economic conditions and our overall financial condition."
Watsco shares were inactive during pre-market trading on Wednesday. The stock is up 25.49% year-to-date.
- [By Greg Williamson]
A successful HVAC distribution company with great growth potential
An excellent way to profit from these tailwinds is by investing in Watsco (NYSE: WSO ) (NYSE: WSO ) (NYSE: WSO ) . Watsco is a leading distributor of HVAC equipment, with more than 570 locations in the U.S., Canada, Mexico, and Puerto Rico. Watsco also exports products to Latin America and the Caribbean.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-supermarket-stocks-to-invest-in-2015-3.html
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