Watsco (NYSE:WSO.B) Sees Strong Trading Volume – Here’s Why

Watsco Inc (NYSE:WSO.B) shares saw unusually-strong trading volume on Monday . Approximately 401 shares changed hands during trading, an increase of 928% from the previous session’s volume of 39 shares.The stock last traded at $495.28 and had previously closed at $535.00.

Watsco Stock Performance

The firm has a market capitalization of $19.61 billion, a price-to-earnings ratio of 37.54 and a beta of 0.61. The company has a 50-day moving average price of $516.17 and a 200-day moving average price of $496.60.

Watsco Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.22%. Watsco’s dividend payout ratio is currently 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.