Watsco (NYSE:WSO.B) Sees Unusually-High Trading Volume – What’s Next?

Shares of Watsco Inc (NYSE:WSO.BGet Free Report) saw an uptick in trading volume on Tuesday . 401 shares changed hands during trading, an increase of 928% from the previous session’s volume of 39 shares.The stock last traded at $501.60 and had previously closed at $535.00.

Watsco Trading Down 5.1 %

The company has a market cap of $20.49 billion, a P/E ratio of 39.22 and a beta of 0.61. The stock’s 50 day moving average is $519.00 and its 200-day moving average is $494.47.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 2.13%. The ex-dividend date is Friday, January 17th. Watsco’s dividend payout ratio is currently 83.46%.

About Watsco

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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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