Watsco (NYSE:WSO.B) Shares Gap Down – Should You Sell?

Shares of Watsco Inc (NYSE:WSO.BGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $535.00, but opened at $475.15. Watsco shares last traded at $475.15, with a volume of 209 shares trading hands.

Watsco Price Performance

The stock has a market cap of $18.98 billion, a PE ratio of 36.32 and a beta of 0.58. The business’s 50-day simple moving average is $521.34 and its 200-day simple moving average is $492.98.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $2.70 per share. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.30%. Watsco’s dividend payout ratio is presently 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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