Watsco Inc Declares Quarterly Dividend of $2.70 (NYSE:WSO.B)

Watsco Inc (NYSE:WSO.B) announced a quarterly dividend on Monday, July 1st, Zacks reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 2.70 per share by the construction company on Wednesday, July 31st. This represents a $10.80 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Tuesday, July 16th.

Watsco Price Performance

Shares of NYSE:WSO.B opened at $445.15 on Tuesday. Watsco has a 52 week low of $319.30 and a 52 week high of $445.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.92. The company’s fifty day moving average is $449.67 and its 200-day moving average is $421.93. The company has a market capitalization of $17.94 billion, a PE ratio of 34.24 and a beta of 0.58.

Watsco (NYSE:WSO.B) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.17 EPS for the quarter. The company had revenue of $1.56 billion for the quarter. Watsco had a net margin of 7.03% and a return on equity of 19.26%.

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.