News Spotlight: Watsco, Inc. (NYSE: WSO)

Watsco, Inc. (NYSE: WSO) identified change of 24.24% away from 52-week low price and recently located move of -12.59% off 52-week high price. It has market worth of $6175.51M and dividend yield of 3.91%. WSO stock has been recorded 2.36% away from 50 day moving average and 7.21% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.02% off 20-day moving average.

Watsco, Inc. (NYSE: WSO) announced that its Board of Directors has declared a regular quarterly cash dividend of $1.60 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on July 31, 2019 to shareholders of record at the close of business on July 16, 2019.

Watsco has paid dividends to shareholders for 45 consecutive years. The Company’s philosophy is to share increasing amounts of cash flow through higher dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network. Future changes in dividends are considered in light of investment opportunities, cash flow, general economic conditions and Watsco’s overall financial condition.

 The Services sector company, Watsco noticed change of -0.31% to $163.85 along volume of 130019 shares in recent session compared to an average volume of 280.76K. The stock observed return of 1.87% in 5 days trading activity. The stock was at 1.97% over one month performance. WSO’s shares are at 12.06% for the quarter and driving a -8.09% return over the course of the past year and is now at 17.76% since this point in 2018. 

 The average volatility for the week at 1.64% and for month was at 1.89%. There are 37.69M shares outstanding and 37.41M shares are floated in market. Right now the stock beta is 0.9. 

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