Watsco (NYSE:WSO.B) Sees Strong Trading Volume – Time to Buy?

Watsco Inc (NYSE:WSO.BGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 401 shares were traded during mid-day trading, an increase of 928% from the previous session’s volume of 39 shares.The stock last traded at $495.28 and had previously closed at $535.00.

Watsco Stock Down 7.9 %

The stock’s 50-day moving average price is $517.48 and its 200-day moving average price is $496.01. The company has a market capitalization of $19.89 billion, a price-to-earnings ratio of 38.07 and a beta of 0.61.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, January 17th. Watsco’s dividend payout ratio is 83.46%.

Watsco Company Profile

(Get Free Report)

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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