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

Watsco Inc (NYSE:WSO.B) declared a quarterly dividend on Monday, July 1st, Zacks reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 2.70 per share by the construction company on Wednesday, July 31st. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, July 16th.

Watsco Stock Performance

Shares of WSO.B opened at $445.15 on Monday. The company has a current ratio of 2.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of $17.94 billion, a P/E ratio of 34.24 and a beta of 0.58. The company has a 50-day moving average of $450.66 and a two-hundred day moving average of $423.59. Watsco has a 12-month low of $319.30 and a 12-month high of $445.15.

Watsco (NYSE:WSO.B) last announced its earnings results on Wednesday, April 24th. The construction company reported $2.17 earnings per share (EPS) for the quarter. The company had revenue of $1.56 billion during the quarter. Watsco had a net margin of 7.03% and a return on equity of 19.26%.

About Watsco

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.