The ex-dividend date for Watsco (NYSE:WSO) is tomorrow, January 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $67.75 as of 9:35 a.m., the dividend yield is 3.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Watsco (NYSE: WSO) is tomorrow, January 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $67.75 as of 9:35 a.m. ET, the dividend yield is 3.7%. The average volume for Watsco has been 284,300 shares per day over the past 30 days. Watsco has a market cap of $1.92 billion and is part of the services sector and wholesale industry. Shares are up 2.4% 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 25.3, below the average wholesale industry P/E ratio of 25.5 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Watsco as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. 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.