Watsco: An Undervalued HVAC/R Player With Double-Digit Dividend Growth

Jason FieberInvesting GroupFollow5ShareSavePlay(17min)CommentsSummaryMultiple joint ventures with Carrier Global have given Watsco exclusive distribution rights for equipment from the US’s largest OEM.Watsco has increased its dividend for 13 consecutive years. Its 10-year dividend growth rate is 15.4%, which is fantastic.Watsco has a stellar balance sheet. The company has no long-term debt. Furthermore, it ended last fiscal year with nearly $800 million in cash. alacatr/iStock via Getty Images Watsco Inc. (WSO) is an American distributor of air conditioning, heating, and refrigeration equipment, as well as related parts and supplies. Founded in 1956, Watsco is now a $17 billion (by market cap) distribution giant that employs approximately 7,000 people. This is the largestThis article was written byJason Fieber4.16K FollowersFollowFounder of Dividend Mantra. Founder of Mr. Free At 33. Co-Founder of Dividends & Income. I started blogging about my journey to financial independence back in 2011. By living well below my means and intelligently investing my hard-earned capital, I went from below broke at age 27 to financially free at 33 years old. I regularly create content on dividend growth investing, living off of dividends, undervalued high-quality dividend growth stocks, high-yield situations, and other long-term investment opportunities.