Watsco (NYSE:WSO.B) Hits New 52-Week High – Time to Buy?

Watsco Inc (NYSE:WSO.BGet Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $518.97 and last traded at $518.97, with a volume of 7 shares traded. The stock had previously closed at $518.97.

Watsco Price Performance

The company has a market cap of $20.96 billion, a P/E ratio of 40.11 and a beta of 0.58. The business’s 50 day moving average is $490.62 and its 200 day moving average is $471.26.

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 issued 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 2.08%. Watsco’s dividend payout ratio is presently 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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