Watsco Inc (NYSE:WSO.B – Get Free Report) dropped 8.4% on Tuesday . The company traded as low as $469.95 and last traded at $490.17. Approximately 401 shares changed hands during mid-day trading, an increase of 928% from the average daily volume of 39 shares. The stock had previously closed at $535.00.
Watsco Stock Performance
The business’s fifty day moving average price is $517.48 and its 200-day moving average price is $496.01. The stock has a market cap of $19.83 billion, a PE ratio of 37.95 and a beta of 0.61.
Watsco Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $2.70 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.20%. Watsco’s payout ratio is 83.46%.
About Watsco
Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
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