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

Masco Co. (NYSE:MAS) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, November 8th will be paid 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 dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, November 8th.

Masco has increased its dividend 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 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $4.45 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 26.1%.

Masco Stock Up 1.2 %

NYSE:MAS opened at $81.78 on Wednesday. The stock has a fifty day simple moving average of $81.66 and a 200-day simple moving average of $74.69. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. Masco has a twelve month low of $54.55 and a twelve month high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Analysts anticipate that Masco will post 4.1 EPS for the current year.

Analyst Ratings Changes

MAS has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Barclays increased their price objective on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Loop Capital raised their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their target price on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.96.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Masco Company Profile

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.