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

Masco Co. (NYSE:MAS) announced a quarterly dividend on Thursday, July 25th, RTT News reports. Shareholders of record on Friday, August 2nd will be paid a dividend of 0.29 per share by the construction company on Monday, August 19th. This represents a $1.16 dividend on an annualized basis and a yield of 1.64%.

Masco has increased its dividend payment by an average of 27.9% per year over the last three years and has raised its dividend every year for the last 11 years. Masco has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of MAS stock opened at $70.58 on Thursday. The stock has a fifty day moving average of $68.53 and a 200 day moving average of $71.14. Masco has a 52 week low of $47.66 and a 52 week high of $78.94. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.89 and a beta of 1.24. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS) last announced its quarterly 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 during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. As a group, research analysts expect that Masco will post 4.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on MAS shares. Loop Capital dropped their price target on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Jefferies Financial Group increased their price objective on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Citigroup decreased their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Finally, Royal Bank of Canada increased their price objective on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.69.

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.