The ex-dividend date for Watsco (NYSE:WSO) is tomorrow, April 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $73.04 as of 9:35 a.m., the dividend yield is 3.3%.
NEW YORK ( TheStreet) -- The ex-dividend date for Watsco (NYSE: WSO) is tomorrow, April 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $73.04 as of 9:35 a.m. ET, the dividend yield is 3.3%. The average volume for Watsco has been 235,200 shares per day over the past 30 days. Watsco has a market cap of $2.09 billion and is part of the services sector and wholesale industry. Shares are up 12.1% year to date as of the close of trading on Tuesday. Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment in the United States. The company has a P/E ratio of 27, above the average wholesale industry P/E ratio of 26.9 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, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels 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.