Watsco (NYSE:WSO.B) Sees Strong Trading Volume – Here’s Why

Watsco Inc (NYSE:WSO.B) shares saw unusually-strong trading volume on Tuesday . Approximately 401 shares were traded during mid-day trading, an increase of 928% from the previous session’s volume of 39 shares.The stock last traded at $501.60 and had previously closed at $535.00.

Watsco Price Performance

The company has a 50-day simple moving average of $518.44 and a two-hundred day simple moving average of $494.96. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 38.44 and a beta of 0.61.

Watsco (NYSE:WSO.B) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The business had revenue of $2.16 billion for the quarter.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, January 17th. 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.