Masco Corporation (NYSE:MAS – Get Free Report) announced a quarterly dividend on Monday, May 11th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.32 per share by the construction company on Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 22nd.
Masco has increased its dividend payment by an average of 0.2%per year 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Masco to earn $4.68 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 27.4%.
Masco Stock Down 1.7%
Shares of NYSE:MAS opened at $70.55 on Tuesday. The firm has a market cap of $14.23 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.77 and a beta of 1.34. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. Masco has a 12 month low of $58.16 and a 12 month high of $79.19. The company’s 50-day moving average price is $65.12 and its two-hundred day moving average price is $66.22.
Masco Company Profile
Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.
The company’s product offerings are organized into two primary segments.
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