Trailing Dividend / Share
$12.50
Watsco, Inc. (WSO) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.9%
Payout Ratio
95.3%
At Risk
Dividend Streak
12 years
WSO Dividend Income Check
Safety
95.3% payout ratio with at risk safety profile.
Consistency
12 straight years of dividend increases.
Income Trend
Yield on cost is 5.2% and trend is rising.
WSO Dividend Scorecard
Yield & Income
Dividend Yield2.9%
Trailing DPS$12.50
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout95.3%
Earnings SafetyAt Risk
FCF Payout72.4%
FCF SafetyAdequate
Piotroski F-Score5/9
Growth
Growth Streak12 years
3Y CAGR11.0%
5Y CAGR11.1%
Yield on Cost (5Y)5.2%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield2.9%
1Y Total Return-6.4%
5Y Total Return64.1%
Div Contribution (5Y)17.3%
Estimated $10K growth (return + dividends):
5Y ago$16,40610Y ago$38,15620Y ago$82,823
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
WSO Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
WSO Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Watsco, Inc. distributes 95.3% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 72.4%, rated "Adequate".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
WSO has raised its dividend for 12 consecutive years, with a 3-year CAGR of 11.0% and 5-year CAGR of 11.1%.
Total Shareholder Returns
Beyond cash dividends, WSO returns capital through share repurchases. The combined picture: 2.9% dividend yield, 0.0% buyback yield, 2.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.2% and is currently rising. The 5-year total return is 64.1%, with dividends contributing 17.3% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $38,156 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
WSO Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$50.80
Avg/Payment$2.5400
Latest Change+10.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Apr 16, 2026Latest | $3.3000 | ↑ +10.0% | 2.92% | Apr 30, 2026 |
| Jan 16, 2026 | $3.0000 | — | 3.14% | Jan 30, 2026 |
| Oct 16, 2025 | $3.0000 | — | 3.17% | Oct 31, 2025 |
| Jul 16, 2025 | $3.0000 | — | 2.42% | Jul 31, 2025 |
| Apr 15, 2025 | $3.0000 | ↑ +11.1% | 2.17% | Apr 30, 2025 |
| Jan 17, 2025 | $2.7000 | — | 2.18% | Jan 31, 2025 |
| Oct 16, 2024 | $2.7000 | — | 2.13% | Oct 31, 2024 |
| Jul 16, 2024 | $2.7000 | — | 1.98% | Jul 31, 2024 |
WSO Dividend vs Peers
Comparable companies in the same industry
#2 yield in peer group
Div Yield
2.9%
#2 of 8
Safety
At Risk
95.3% payout
Streak
12Y
11.1% 5Y CAGR
Total Shareholder
2.9%
#5 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd WSOWatsco, Inc. | $17.6B | 2.9% | 95.3% | 12 | At Risk |
 GWWW.W. Grainger, Inc. | $55.6B | 0.8% | 27.4% | 37 | Sustainable |
1st  MSMMSC Industrial Direc… | $5.9B | 3.2% | 95.1% | 4 | At Risk |
 FASTFastenal Company | $51.3B | 2.0% | 79.8% | 1 | Watch |
 IBPInstalled Building P… | $8.1B | 1.1% | 33.0% | 5 | Sustainable |
3rd  POOLPool Corporation | $6.9B | 2.6% | 45.5% | 15 | Sustainable |
 CARRCarrier Global Corpo… | $56.7B | 1.3% | 51.7% | 6 | Sustainable |
 TTTrane Technologies p… | $108.0B | 0.8% | 28.7% | 5 | Sustainable |
WSO Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $6.30 | — | 2 | — | — | — | 2.8% |
| 2025 | $11.70 | 10.9% | 4 | $12.25 | 95.5% | 1.05x | 5.2% |
| 2024 | $10.55 | 7.7% | 4 | $13.30 | 79.3% | 1.26x | 4.7% |
| 2023 | $9.80 | 14.6% | 4 | $13.67 | 71.7% | 1.39x | 4.3% |
| 2022 | $8.55 | 12.1% | 4 | $15.41 | 55.5% | 1.80x | 3.8% |
| 2021 | $7.63 | 10.1% | 4 | $10.78 | 70.7% | 1.41x | 3.4% |
| 2020 | $6.93 | 8.2% | 4 | $7.01 | 98.8% | 1.01x | 3.1% |
| 2019 | $6.40 | 14.3% | 4 | $6.50 | 98.5% | 1.02x | 2.8% |
| 2018 | $5.60 | 21.7% | 4 | $6.48 | 86.4% | 1.16x | 2.5% |
| 2017 | $4.60 | 27.8% | 4 | $5.12 | 89.8% | 1.11x | 2.0% |
Full WSO Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See WSO's True Return
Price is only half the story. See total return with reinvested dividends.
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DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
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Start ComparisonWSO — Frequently Asked Questions
Quick answers to the most common questions about buying WSO stock.
How much dividend does WSO pay per share?
Watsco, Inc. (WSO) pays a trailing 12-month dividend of $12.50 per share, with a current dividend yield of +2.9%. Payments are made Semi-Annual.
When is WSO's next ex-dividend date?
WSO's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. WSO typically pays dividends Semi-Annual.
Is WSO's dividend safe?
WSO's dividend safety is rated "At Risk" based on an earnings payout ratio of +95.3% and FCF payout ratio of +72.4%. With 12 consecutive years of dividend growth, the track record supports sustainability.
Is WSO a Dividend Achiever?
Yes, Watsco, Inc. is classified as a Dividend Achiever with 12 consecutive years of dividend increases. The 5-year dividend CAGR is +11.1%, demonstrating above-inflation dividend growth.
How often does WSO pay dividends?
Watsco, Inc. pays dividends Semi-Annual. The trailing 12-month total is $12.50 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in WSO grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in WSO five years ago would be worth approximately $16,406 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is WSO's yield on cost for long-term holders?
WSO's yield on cost — the current dividend divided by the original purchase price — is +5.2% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.9% market yield, thanks to consistent dividend growth.