Masco Corporation to Issue Quarterly Dividend of $0.32 (NYSE:MAS)

Masco Corporation (NYSE:MAS) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, August 24th will be paid a dividend of 0.32 per share by the construction company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th.

Masco has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 12 years. Masco has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Masco to earn $4.63 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 27.6%.

Masco Price Performance

NYSE MAS traded down $1.61 during trading hours on Wednesday, reaching $74.53. The company’s stock had a trading volume of 1,969,272 shares, compared to its average volume of 2,734,010. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The company’s 50-day moving average is $76.33 and its two-hundred day moving average is $70.66. Masco has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The stock has a market cap of $14.70 billion, a PE ratio of 17.13, a PEG ratio of 1.89 and a beta of 1.30.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts forecast that Masco will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MAS shares. Royal Bank Of Canada boosted their target price on shares of Masco from $67.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Citigroup cut their price target on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Wells Fargo & Company lifted their price target on shares of Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. The Goldman Sachs Group boosted their price objective on shares of Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, BMO Capital Markets dropped their price target on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.87.

About Masco

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.