Masco Co. (NYSE:MAS) Announces $0.29 Quarterly Dividend

Masco Co. (NYSE:MASGet Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.29 per share by the construction company on Monday, November 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 8th.

Masco has increased its dividend payment by an average of 27.9% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Masco has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $4.47 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 26.0%.

Masco Stock Down 0.9 %

Masco stock traded down $0.76 during mid-day trading on Wednesday, reaching $80.54. 384,961 shares of the company were exchanged, compared to its average volume of 1,806,388. The business has a fifty day moving average of $81.52 and a 200 day moving average of $74.41. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The firm has a market cap of $17.74 billion, a P/E ratio of 19.75, a PEG ratio of 2.78 and a beta of 1.24. Masco has a 12-month low of $51.72 and a 12-month high of $86.70.

Masco (NYSE:MASGet Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. Masco’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. Research analysts anticipate that Masco will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MAS shares. UBS Group upped their price target on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $79.00 to $80.00 in a research report on Wednesday. Truist Financial upped their price target on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Citigroup reduced their price target on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Masco presently has an average rating of “Moderate Buy” and an average price target of $82.69.

View Our Latest Research Report on Masco

Masco Company Profile

(Get Free Report)

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.

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Dividend History for Masco (NYSE:MAS)

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