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

Masco Co. (NYSE:MAS) announced a dividend on Tuesday, February 11th,NASDAQ Dividends reports. Shareholders of record on Friday, February 21st will be paid 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 increased its dividend by an average of 18.1% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Masco has a payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Research 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 Down 3.4 %

Shares of MAS traded down $2.64 during trading on Wednesday, reaching $76.01. The company’s stock had a trading volume of 255,178 shares, compared to its average volume of 1,428,125. Masco has a twelve month low of $63.81 and a twelve month high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.09 and a beta of 1.25. The company has a fifty day moving average of $76.60 and a two-hundred day moving average of $78.72.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same period in the prior year, the company posted $0.83 earnings per share. On average, sell-side analysts predict that Masco will post 4.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BMO Capital Markets upped their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and dropped their target price for the stock from $96.00 to $89.00 in a report on Monday, December 16th. Evercore ISI lifted their price target on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective 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. Finally, Oppenheimer upgraded 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. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.27.

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.