• Mon. Sep 20th, 2021

Recent pinpoint stock value: Watsco, Inc. (NYSE: WSO)

ByRenita Lyon

Mar 17, 2020 , ,

On Monday, Watsco, Inc. stock identified change of 14.08% away from 52-week low price and recently located move of -16.70% off 52-week high price. WSO stock has been recorded -10.03% away from 50 day moving average and -8.10% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.41% off 20-day moving average.

Watsco, Inc. (WSO) reported recently that its Board of Directors has accepted an 11% increase in its yearly dividend to $7.10 per share on each outstanding share of its Ordinary and Class B ordinary stock. The increase will be reflected in the Company’s next regular dividend payment starting in April 2020.

Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are happy to increase dividends to our shareholders, which reflects our confidence in the business and is supported by our continued positive cash flow and balance sheet.”

Watsco has paid dividends to shareholders for 46 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, Inc. noticed change of -4.26% to $155.66 along volume of 389233 shares in recent session compared to an average volume of 257.13K. WSO’s shares are at -13.88% for the quarter and driving a 11.34% return over the course of the past year and is now at -13.59% since this point in 2018.   The average volatility for the week at 9.53% and for month was at 5.29%. There are 41.18M shares outstanding and 33.2M shares are floated in market. Right now the stock beta is 0.76.


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