Watsco Inc (NYSE:WSO.B) Declares $2.70 Quarterly Dividend

Watsco Inc (NYSE:WSO.B) announced a quarterly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Wednesday, October 16th will be given a dividend of 2.70 per share by the construction company on Thursday, October 31st. This represents a $10.80 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, October 16th.

Watsco Stock Performance

Watsco stock opened at $495.00 on Thursday. The firm has a 50 day simple moving average of $481.38 and a 200-day simple moving average of $456.42. The stock has a market cap of $19.95 billion, a price-to-earnings ratio of 38.08 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.21 and a quick ratio of 1.55. Watsco has a 1-year low of $364.19 and a 1-year high of $495.00.

Watsco (NYSE:WSO.B) last posted its earnings results on Tuesday, July 30th. The construction company reported $4.49 earnings per share (EPS) for the quarter. Watsco had a return on equity of 18.55% and a net margin of 7.02%. The company had revenue of $2.14 billion during the quarter.

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.