Comfort Systems USA hikes dividend by 9.5%

Comfort Systems USA (FIX) will raise its quarterly dividend by 9.5 percent to 11.5 cents per share in 2021. This follows a dividend hike of 5.0 percent to $0.105 per share in 2020. The provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services has now raised its dividend 9 consecutive years.

The next dividend is payable on March 23, 2021 to stockholders of record at the close of business on March 12, 2021. A new annual dividend rate of 46 cents per share yields 0.6% at a stock price of $80.93.

Comfort Systems USA, Inc. provides mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. The company's services include installing, maintaining, repairing and replacing products and systems throughout its operating units with locations in cities throughout the United States. Comfort Systems operates primarily in the commercial, industrial and institutional HVAC markets and perform most of its services in industrial, healthcare, education, office, technology, retail and government facilities. Comfort Systems USA, Inc., a Delaware corporation, was established in 1997.