Masco Co. (NYSE:MAS) Announces Dividend of $0.31

Masco Co. (NYSE:MAS) declared a dividend on Tuesday, February 11th,NASDAQ Dividends reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.31 per share by the construction company on Monday, March 10th. The ex-dividend date of this dividend is Friday, February 21st.

Masco has raised its dividend payment by an average of 18.1% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Masco has a payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $4.43 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.2%.

Masco Trading Down 3.4 %

Shares of NYSE MAS traded down $2.64 during midday trading on Wednesday, reaching $76.01. 255,178 shares of the stock were exchanged, compared to its average volume of 1,428,125. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $16.40 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.09 and a beta of 1.25. The stock has a 50 day moving average price of $76.60 and a 200-day moving average price of $78.72. Masco has a 52-week low of $63.81 and a 52-week high of $86.70.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same period in the previous year, the company posted $0.83 earnings per share. Equities research analysts expect that Masco will post 4.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MAS. BMO Capital Markets increased their target price on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a report on Friday, January 10th. Citigroup cut their price target on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.27.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.