Masco Co. Plans Dividend of $0.31 (NYSE:MAS)

Masco Co. (NYSE:MAS) declared a dividend on Tuesday, February 11th,NASDAQ Dividends reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.31 per share by the construction company on Monday, March 10th. The ex-dividend date of this dividend is Friday, February 21st.

Masco has raised its dividend payment by an average of 18.1% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Masco has a payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $4.43 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 26.2%.

Masco Stock Up 1.5 %

Shares of NYSE MAS traded up $1.18 during midday trading on Tuesday, hitting $78.76. The company’s stock had a trading volume of 2,376,972 shares, compared to its average volume of 1,477,562. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. The business’s fifty day simple moving average is $76.64 and its two-hundred day simple moving average is $78.71. Masco has a 1 year low of $63.81 and a 1 year high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Masco had a return on equity of 615.54% and a net margin of 10.54%. During the same quarter last year, the company earned $0.83 EPS. On average, equities analysts predict that Masco will post 4.09 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research note on Friday, January 10th. Barclays decreased their price target on Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Zelman & Associates raised Masco to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Truist Financial upped their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.04.

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.