Watsco Inc (NYSE:WSO.B – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $535.00, but opened at $475.15. Watsco shares last traded at $488.16, with a volume of 401 shares traded.
Watsco Trading Down 8.8 %
The stock has a 50 day simple moving average of $520.24 and a 200 day simple moving average of $493.38. The firm has a market capitalization of $19.71 billion, a PE ratio of 37.72 and a beta of 0.61.
Watsco Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 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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