Watsco (NYSE:WSO.B) Trading Down 8.4% – What’s Next?

Shares of Watsco Inc (NYSE:WSO.B) traded down 8.4% during mid-day trading on Tuesday . The company traded as low as $469.95 and last traded at $490.17. 401 shares traded hands during mid-day trading, an increase of 928% from the average session volume of 39 shares. The stock had previously closed at $535.00.

Watsco Stock Down 8.2 %

The stock has a fifty day simple moving average of $517.48 and a 200 day simple moving average of $496.01. The firm has a market capitalization of $19.83 billion, a P/E ratio of 37.95 and a beta of 0.61.

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

About Watsco

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.