Watsco (NYSE:WSO.B) Reaches New 1-Year High After Dividend Announcement

Watsco Inc (NYSE:WSO.BGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The stock traded as high as $535.00 and last traded at $535.00, with a volume of 200 shares traded. The stock had previously closed at $519.70.

The newly announced dividend which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $2.70 dividend. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.02%. Watsco’s dividend payout ratio is presently 83.46%.

Watsco Stock Performance

The firm has a market capitalization of $21.60 billion, a P/E ratio of 41.34 and a beta of 0.58. The stock has a 50 day moving average of $522.23 and a 200-day moving average of $491.97.

About Watsco

(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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