Watsco Inc (NYSE:WSO.B) announced a quarterly dividend on Wednesday, January 2nd, NASDAQ reports. Investors of record on Wednesday, January 16th will be paid a dividend of 1.60 per share by the construction company on Thursday, January 31st. This represents a $6.40 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, January 15th. This is a positive change from Watsco’s previous quarterly dividend of $1.45.
Shares of Watsco stock opened at $141.66 on Monday. Watsco has a 52-week low of $132.69 and a 52-week high of $192.75. The company has a market capitalization of $5.30 billion, a P/E ratio of 22.49 and a beta of 0.94.
Watsco (NYSE:WSO.B) last posted its quarterly earnings results on Thursday, October 25th. The construction company reported $2.11 earnings per share for the quarter. The firm had revenue of $1.30 billion for the quarter. Watsco had a return on equity of 14.47% and a net margin of 5.31%.
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Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.
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