Watsco Inc (NYSE:WSO.B - Get Free Report) shares gapped down prior to trading 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 trading hands.
Watsco Trading Down 8.8 %
The firm's fifty day moving average price is $519.62 and its 200-day moving average price is $493.82. The company has a market cap of $19.71 billion, a P/E ratio of 37.72 and a beta of 0.61.
Watsco Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, January 17th. Watsco's payout ratio is 83.46%.
About Watsco
(
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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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