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

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

Watsco Price Performance

The business’s 50-day simple moving average is $515.41 and its 200-day simple moving average is $496.50. The company has a market cap of $19.45 billion, a price-to-earnings ratio of 37.22 and a beta of 0.61.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $2.70 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.24%. Watsco’s dividend payout ratio (DPR) is presently 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.