The ex-dividend date for Watsco (NYSE:WSO) is tomorrow, April 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $70.68 as of 9:52 a.m., the dividend yield is 3.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Watsco (NYSE: WSO) is tomorrow, April 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $70.68 as of 9:52 a.m. ET, the dividend yield is 3.2%. The average volume for Watsco has been 325,600 shares per day over the past 30 days. Watsco has a market cap of $2 billion and is part of the services sector and wholesale industry. Shares are up 12.2% year to date as of the close of trading on Monday. Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment and related parts and supplies in the United States. The company has a P/E ratio of 28.6, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.6.
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TheStreet Ratings rates Watsco as buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Watsco Ratings Report. See our dividend calendar or top-yielding stocks list.