Financial Strength & Liquidity Watsco's strong financial position has been critical to recent performance. From September 30, 2020 to September 30, 2022, Watsco's investment in working capital increased by $436 million, or 42%, to $1.5 billion along with $114 million of capital used to fund acquisitions. In addition, Watsco's quarterly dividend rate increased 24% during this two-year period and will increase further in 2023 as announced today.