Watsco Inc (NYSE:WSO.B – Get Free Report)’s stock price rose 4.5% during mid-day trading on Wednesday . The stock traded as high as $507.10 and last traded at $526.36. Approximately 100 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 583 shares. The stock had previously closed at $503.71.
Watsco Price Performance
The firm has a market capitalization of $21.27 billion, a P/E ratio of 39.73 and a beta of 0.52. The business has a 50 day moving average price of $494.19 and a 200 day moving average price of $501.73.
Watsco Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s dividend payout ratio is currently 81.51%.
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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