Watsco (NYSE:WSO.B) Trading 4.5% Higher – What’s Next?

Watsco Inc (NYSE:WSO.B) traded up 4.5% during mid-day trading on Wednesday . The stock traded as high as $507.10 and last traded at $526.36. 100 shares traded hands during trading, a decline of 83% from the average session volume of 583 shares. The stock had previously closed at $503.71.

Watsco Stock Performance

The stock has a market cap of $20.67 billion, a P/E ratio of 38.61 and a beta of 0.52. The firm has a 50-day moving average price of $495.73 and a 200-day moving average price of $501.97.

Watsco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, January 17th. Watsco’s payout ratio is currently 81.51%.

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.