Watsco (NYSE:WSO.B) Shares Gap Down – Here’s What Happened

Watsco Inc (NYSE:WSO.B)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $535.00, but opened at $475.15. Watsco shares last traded at $492.09, with a volume of 401 shares trading hands.

Watsco Stock Performance

The stock has a 50 day moving average of $514.41 and a two-hundred day moving average of $496.42. The stock has a market cap of $19.58 billion, a PE ratio of 37.48 and a beta of 0.61.

Watsco Dividend Announcement

The firm 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 2.23%. Watsco’s dividend payout ratio is 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.