Watsco (NYSE:WSO.B) Hits New 12-Month High – Here’s Why

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

Watsco Stock Performance

The company has a fifty day moving average price of $518.38 and a two-hundred day moving average price of $489.05. The company has a market cap of $21.60 billion, a P/E ratio of 41.34 and a beta of 0.58.

Watsco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were paid a $2.70 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.02%. Watsco’s dividend payout ratio is 83.46%.

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.

Further Reading

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