Watsco (NYSE:WSO.B) Sees Large Volume Increase – Here’s Why

Watsco Inc (NYSE:WSO.BGet Free Report) saw an uptick in trading volume on Wednesday . 616 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 563 shares.The stock last traded at $515.05 and had previously closed at $529.46.

Watsco Price Performance

The firm’s 50-day moving average price is $499.10 and its 200 day moving average price is $496.46. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 40.30 and a beta of 0.60.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 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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