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

Watsco Inc (NYSE:WSO.BGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $477.10, but opened at $464.07. Watsco shares last traded at $463.79, with a volume of 126 shares traded.

Watsco Stock Down 2.7 %

The company’s 50 day moving average is $507.86 and its 200 day moving average is $496.41. The firm has a market capitalization of $18.74 billion, a price-to-earnings ratio of 35.86 and a beta of 0.60.

Watsco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $2.70 per share. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.33%. Watsco’s dividend payout ratio is 83.46%.

Watsco Company Profile

(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.

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