Watsco (NYSE:WSO.B) Stock Price Up 10.6% – Here’s Why

Watsco Inc (NYSE:WSO.BGet Free Report)’s share price shot up 10.6% on Tuesday . The stock traded as high as $483.79 and last traded at $520.71. 121 shares were traded during mid-day trading, a decline of 53% from the average session volume of 257 shares. The stock had previously closed at $470.74.

Watsco Price Performance

The firm has a market cap of $21.31 billion, a price-to-earnings ratio of 40.78 and a beta of 0.60. The company has a fifty day moving average price of $499.10 and a two-hundred day moving average price of $496.46.

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $2.70 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.05%. Watsco’s dividend payout ratio (DPR) 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.

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