Masco Corporation (NYSE:MAS) Shares to Pay Quarterly Dividend of $0.32

Masco Corporation (NYSE:MAS) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.32 per share by the construction company on Monday, November 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 6th.

Masco has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Masco has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Masco to earn $4.61 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 27.8%.

Masco Trading Up 1.4%

Shares of NYSE:MAS opened at $76.20 on Thursday. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. Masco has a 1 year low of $58.16 and a 1 year high of $83.64. The company has a market cap of $15.03 billion, a P/E ratio of 17.52, a PEG ratio of 1.92 and a beta of 1.30. The stock’s fifty day moving average price is $71.01 and its 200-day moving average price is $70.77.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. Masco had a return on equity of 2,379.08% and a net margin of 11.61%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the company earned $0.97 EPS. Masco’s revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts expect that Masco will post 4.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial dropped their price target on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. DA Davidson started coverage on shares of Masco in a research report on Monday, August 24th. They set a “neutral” rating and a $80.00 price objective on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Masco in a research report on Thursday. Royal Bank Of Canada lowered their price target on Masco from $72.00 to $69.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 7th. Finally, Evercore downgraded Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target on the stock. in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.65.

About Masco

Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.