Watsco Inc (NYSE:WSO.B) Plans Dividend Increase – $2.70 Per Share

Watsco Inc (NYSE:WSO.BGet Free Report) announced a quarterly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be given a dividend of 2.70 per share by the construction company on Tuesday, April 30th. This represents a $10.80 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from Watsco’s previous quarterly dividend of $2.45.

Watsco Stock Performance

NYSE:WSO.B opened at $429.35 on Tuesday. Watsco has a 52-week low of $301.95 and a 52-week high of $429.35. The company has a quick ratio of 1.47, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $396.47 and a 200-day simple moving average of $389.21. The company has a market capitalization of $16.96 billion, a PE ratio of 31.43 and a beta of 0.60.

Watsco (NYSE:WSO.BGet Free Report) last posted its earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Watsco had a net margin of 7.36% and a return on equity of 21.36%. The business had revenue of $1.60 billion for the quarter.

Watsco Company Profile

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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.

Further Reading

Dividend History for Watsco (NYSE:WSO.B)

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