As per Watsco, Inc. (NYSE:WSO)’s news release on 2016-07-01, its shareholders will get cash dividend of $0.85 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-15 and 2016-07-29, respectively.
The stock will commence trading ex-dividend from 2016-07-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Watsco, Inc. (NYSE:WSO) disbursed $0.85 in dividend compared to distribution of $0.85, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 40%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Watsco, Inc. (NYSE:WSO) to attain a price target of $139.75. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $154. The low price range is set at $113 for next year while the arithmetic mean is seen at 2.4.
Eyeing Earnings Watsco, Inc. (NYSE:WSO) is likely to post quarterly numbers around 2016-10-25 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.88 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Watsco, Inc. (NYSE:WSO) earnings came at $1.82 suggesting a deviation of $-0.21. The brokerages targeted EPS of $2.03 for the quarter.
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