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

Masco Co. (NYSE:MAS) declared a quarterly dividend on Thursday, July 25th, RTT News reports. Stockholders of record on Friday, August 2nd will be given a dividend of 0.29 per share by the construction company on Monday, August 19th. This represents a $1.16 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, August 2nd.

Masco has raised its dividend payment by an average of 27.9% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Masco has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $4.50 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 25.8%.

Masco Stock Up 7.5 %

Shares of MAS stock opened at $75.88 on Friday. The company has a 50 day simple moving average of $68.64 and a two-hundred day simple moving average of $71.17. The stock has a market cap of $16.71 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.87 and a beta of 1.24. Masco has a 12 month low of $47.66 and a 12 month high of $78.94. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.87 EPS. Masco’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts expect that Masco will post 4.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAS has been the topic of a number of research analyst reports. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Citigroup reduced their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Loop Capital cut their price objective on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Evercore ISI dropped their price target on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research note on Thursday, April 25th. Finally, Barclays cut their price target on Masco from $87.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.69.

About Masco

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.