- Watsco reported full-year results for 2020 on February 11th, setting records in sales, operating income, operating cash flow, net income, and earnings per share.
- The company also boosted its dividend rate to $7.80 per share, 11% more than it generated in adjusted diluted earnings in 2020. It did the same in early 2020.
- Many industry experts would wave a warning flag on Watsco's payout ratio. But its atypical business model, solid financial groundwork, and impressive cash flow generation warrant ignoring such a flag.
For further details see:
Don't Worry, Watsco Has It Covered