WSO.B (Watsco) Dividend Payout Ratio : 0.64 (As of Sep. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Watsco Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Watsco's Dividend Payout Ratio for the months ended in Sep. 2024 was 0.64.

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 0.80, 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.B' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.71 Max: 0.99
Current: 0.8

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.B's Dividend Payout Ratio is ranked worse than
87.76% of 98 companies
in the Industrial Distribution industry
Industry Median: 0.395 vs WSO.B: 0.80

As of today (2024-12-14), the Dividend Yield % of Watsco is 1.97%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Watsco was 4.39%. The lowest was 1.62%. And the median was 2.63%.

Watsco's Dividends per Share for the months ended in Sep. 2024 was $2.70.

During the past 12 months, Watsco's average Dividends Per Share Growth Rate was 7.90% 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.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

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 Dividend Payout Ratio Chart

Watsco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

Get a 7-Day Free Trial

0.99

0.71

0.60

0.72

Watsco Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.56	1.19	1.13	0.60	0.64

Competitive Comparison of Watsco's Dividend Payout Ratio

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's Dividend Payout Ratio Distribution in the Industrial Distribution Industry

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

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 Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	2.7	/	4.22
	=	0.64

Watsco (NYSE:WSO.B) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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 Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WSO:USA 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 (90% of 2023 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America (5% of sales). The company's customer base consists of more than 125,000 contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.