Watsco (NYSE:WSO.B) Trading Down 8.4% – Time to Sell?

Watsco Inc (NYSE:WSO.BGet Free Report) shares were down 8.4% during mid-day trading on Tuesday . The company traded as low as $469.95 and last traded at $490.17. Approximately 401 shares changed hands during trading, an increase of 928% from the average daily volume of 39 shares. The stock had previously closed at $535.00.

Watsco Stock Down 10.0 %

The stock has a market cap of $19.45 billion, a PE ratio of 37.22 and a beta of 0.61. The company’s fifty day moving average is $515.41 and its 200 day moving average is $496.50.

Watsco Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.24%. Watsco’s payout ratio is 83.46%.

About Watsco

(Get Free Report)

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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