Watsco (NYSE:WSO.B) Sets New 52-Week High – Here’s What Happened

Watsco Inc (NYSE:WSO.B) hit a new 52-week high on Monday . The company traded as high as $535.00 and last traded at $535.00, with a volume of 19 shares trading hands. The stock had previously closed at $535.00.

Watsco Stock Performance

The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 41.34 and a beta of 0.58. The company has a 50 day moving average of $510.88 and a 200 day moving average of $483.84.

Watsco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a dividend of $2.70 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 annualized dividend and a dividend yield of 2.02%. Watsco’s dividend payout ratio is currently 83.46%.

Watsco Company Profile

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.