Masco Corporation (MAS) to Issue Quarterly Dividend of $0.32 on November 23rd

Masco Corporation (NYSE:MAS) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be given a dividend of $0.32 per share by the construction company on Monday, November 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, November 6th.

Masco has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Masco has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $4.70 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 27.2%.

Masco Price Performance

Masco stock opened at $82.19 on Wednesday. Masco has a 52 week low of $58.16 and a 52 week high of $83.85. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 109.07. The firm’s 50-day simple moving average is $71.64 and its 200 day simple moving average is $71.01. The firm has a market capitalization of $15.84 billion, a PE ratio of 17.79, a P/E/G ratio of 1.85 and a beta of 1.21.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. Masco had a net margin of 12.07% and a negative return on equity of 1,807.69%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts predict that Masco will post 4.72 EPS for the current fiscal year.

Masco Company Profile

Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.