Watsco (NYSE:WSO.B) Shares Gap Down – Here’s What Happened

Watsco Inc (NYSE:WSO.B)’s share price 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.

Watsco Stock Down 8.8 %

The stock has a fifty day simple moving average of $519.62 and a 200-day simple moving average of $493.82. The company has a market capitalization of $19.71 billion, a P/E ratio of 37.72 and a beta of 0.61.

Watsco Dividend Announcement

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 given a $2.70 dividend. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.21%. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

Watsco Company Profile

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.