February 18, 2010 (FinancialWire) — Watsco, Inc.’s (NYSE: WSO) board of directors increased its regular quarterly cash dividend rate by 8% to 52 cents per share from 48 cents per share on each outstanding share of its Common and class B common stock.

Florida-based Watsco is a distributor of air conditioning, heating and refrigeration equipment and related parts and supplies.

The company currently operates 505 locations in 36 states, Puerto Rico, Latin America and the Caribbean.

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