Watsco (Watsco) Dividend Payout Ratio

: 1.19 (As of Dec. 2023)

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Watsco's dividend payout ratio for the months ended in Dec. 2023 was 1.19.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Watsco Inc is 0.72, which seems too high.

The historical rank and industry rank for Watsco's Dividend Payout Ratio or its related term are showing as below:

WSO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.71 Max: 0.99
Current: 0.72

During the past 13 years, the highest Dividend Payout Ratio of Watsco was 0.99. The lowest was 0.46. And the median was 0.71.

WSO's Dividend Payout Ratio is ranked worse than
91.3% of 92 companies
in the Industrial Distribution industry
Industry Median: 0.325 vs WSO: 0.72

As of today (2024-04-19), the Dividend Yield % of Watsco is 2.51%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Watsco was 4.39%. The lowest was 1.15%. And the median was 2.58%.

Watsco's Dividends per Share for the months ended in Dec. 2023 was $2.45.

During the past 12 months, Watsco's average Dividends Per Share Growth Rate was 14.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 21.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Watsco was 75.30% per year. The lowest was -17.40% per year. And the median was 10.45% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Watsco Dividend Payout Ratio Historical Data

The historical data trend for Watsco's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Watsco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.99

0.71

0.60

0.72

Watsco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.94	0.87	0.55	0.56	1.19

Competitive Comparison

For the Industrial Distribution subindustry, Watsco's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Watsco Dividend Payout Ratio Distribution

For the Industrial Distribution industry and Industrials sector, Watsco's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Watsco's Dividend Payout Ratio falls into.

Watsco Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Watsco's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	9.8	/	13.67
	=	0.72

Watsco's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	2.45	/	2.06
	=	1.19

Watsco (NYSE:WSO) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Watsco Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Watsco's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Watsco (Watsco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Watsco Inc (NYSE:WSO) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

WSO.B:USA WC30:Germany WC3:Germany WC3:Germany

Address

2665 South Bayshore Drive, Suite 901, Miami, FL, USA, 33133

Website

https://www.watsco.com

Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.

Executives

Ana Lopez-blazquez	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Valerie Schimel	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
John Alexander Macdonald	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Stephen F. Rush	officer: EVP and COO	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
John Michael Custer	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Brian E. Keeley	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Steven Rubin	director	2665 S. BAYSHORE DRIVE, SUITE 901, MIAMI FL 33133
Barry S Logan	officer: Senior Vice President
Watsco Inc	director	2665 SOUTH BAYSHORE DR, STE 901, COCONUT GROVE FL 33133
Jason Epstein	director	% COLUMBUS ACQUISITION CORP, 153 EAST 53RD STREET 58TH FLOOR, NEW YORK NY 10022
United Technologies Corp /de/	10 percent owner	1000 WILSON BLVD, ARLINGTON VA 22209
David C. Darnell	director	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Paul F Manley	director	C/O GENTA INC., TWO VANWAY, BERKELEY HEIGHTS NJ 07922
Bob L Moss	director
Denise Dickins	director	1867 TRAVIS CIRCLE, WEST PALM BEACH FL 33406