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

Watsco Inc (NYSE:WSO.B) gapped down before the market opened on Monday . The stock had previously closed at $535.00, but opened at $475.15. Watsco shares last traded at $475.15, with a volume of 209 shares traded.

Watsco Price Performance

The stock has a 50 day moving average of $521.34 and a 200 day moving average of $492.98. The firm has a market cap of $18.98 billion, a P/E ratio of 36.32 and a beta of 0.58.

Watsco Announces Dividend

The firm also recently disclosed a quarterly 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 2.30%. Watsco’s payout ratio is 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.