Key Highlights

  • Watsco declared a regular quarterly dividend of $3.30 per share, payable October 30, 2026, to holders of record October 16.
  • The company has paid dividends for 52 consecutive years and raised the annual dividend 10% to $13.20 per share in April 2026.
  • Second-quarter revenues were $2.1 billion, up 2%, while operating income fell 12% to $238 million.
  • Watsco reported $464 million of cash and cash investments and no debt in its second-quarter release.

Watsco (NYSE:WSO) announced on October 1, 2026, a regular quarterly cash dividend of $3.30 on each outstanding share of Common stock and Class B common stock, payable on October 30 to holders of record on October 16. The company has paid dividends for 52 consecutive years. Second-quarter 2026 revenues were $2.1 billion, up 2%, and earnings were $4.00 per share, down 12%.

Dividend Program and Shareholder Returns

Watsco announced on October 1, 2026, a regular quarterly cash dividend of $3.30 on each outstanding share of Common stock and Class B common stock. It is payable on October 30, 2026, to holders of record on October 16, 2026, which is also the ex-dividend date.

The company said it has paid dividends for 52 consecutive years. In April 2026, it increased the annual dividend 10% to $13.20 per share. Dividends on common stock were $255,920 thousand for the six months ended June 30, 2026.

About the Company

Watsco describes itself as “the largest distributor in the highly fragmented North American HVAC market.” Its growth includes acquisitions of more than 70 businesses, and its common stock trades on the New York Stock Exchange. The company also cites AI-driven initiatives.

Financial Performance Behind the Payout

Second-quarter revenues were $2.1 billion, up 2% and up 1% on a same-store basis. Gross profit was $579 million, down 4%, and gross margin was 27.5% versus 29.3% a year earlier.

Operating income was $238 million, down 12%, and operating margin was 11.3% versus 13.2%. Earnings per share were $4.00 versus $4.52 a year earlier. Net income attributable to Watsco was $163.3 million versus $183.6 million, and consolidated net income was $191.3 million.

Operating cash flow was a use of $21 million in the first six months, versus a use of $185 million a year earlier. Watsco reported $464 million of cash and cash investments and no debt.

Digital Sales and the Jackson Supply Acquisition

E-commerce sales rose 13% in the first six months of 2026. OnCallAir processed $1 billion of gross merchandise value in the first six months, up 14%. More than 70,000 contractors engage digitally.

Watsco closed its acquisition of Jackson Supply in the second quarter. The business has annualized sales of about $230 million across 25 Sunbelt locations.

Outlook

Watsco has declared a dividend of $3.30 per share payable on October 30, 2026, after raising the annual rate 10% to $13.20 in April.

Revenue, gross margin, operating cash flow, acquisitions and the absence of debt are the relevant factors for the dividend. Dividends on common stock were $255,920 thousand in the first six months, and the company reported $464 million of cash and cash investments.