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Watsco (NYSE:WSO.B) Shares Gap Down - Here's Why

Watsco logo with Construction background

Watsco Inc (NYSE:WSO.B - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $477.10, but opened at $464.07. Watsco shares last traded at $463.79, with a volume of 126 shares changing hands.

Watsco Stock Up 0.8 %

The stock has a market capitalization of $19.00 billion, a PE ratio of 36.36 and a beta of 0.60. The firm's fifty day moving average price is $505.03 and its two-hundred day moving average price is $497.13.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $2.70 per share. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.30%. Watsco's 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.

Further Reading

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