Masco Corp (NYSE:MAS) announced a quarterly dividend on Tuesday, December 18th, RTT News reports. Stockholders of record on Friday, January 11th will be paid a dividend of 0.12 per share by the construction company on Monday, February 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, January 10th.
Masco has raised its dividend payment by an average of 6.0% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Masco has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 17.6%.
Shares of NYSE MAS opened at $31.89 on Wednesday. The stock has a market cap of $9.39 billion, a P/E ratio of 16.44, a PEG ratio of 0.80 and a beta of 1.45. The company has a debt-to-equity ratio of 14.35, a quick ratio of 1.13 and a current ratio of 1.71. Masco has a 1-year low of $27.03 and a 1-year high of $46.44.
In other Masco news, Director Richard A. Manoogian sold 50,000 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $31.30, for a total value of $1,565,000.00. Following the sale, the director now directly owns 575,961 shares of the company’s stock, valued at $18,027,579.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard A. O’reagan sold 12,900 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $31.48, for a total value of $406,092.00. Following the completion of the sale, the insider now directly owns 61,443 shares in the company, valued at $1,934,225.64. The disclosure for this sale can be found here. Insiders have sold 212,900 shares of company stock worth $6,631,092 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.
A number of equities analysts recently weighed in on the company. Evercore ISI raised Masco from an “in-line” rating to an “outperform” rating in a report on Monday, October 1st. Goldman Sachs Group assumed coverage on Masco in a report on Tuesday, October 2nd. They set a “buy” rating and a $49.00 price objective on the stock. Bank of America set a $40.00 price objective on Masco and gave the company a “hold” rating in a report on Thursday, October 11th. Longbow Research cut Masco from a “buy” rating to a “neutral” rating in a research note on Friday, October 12th. Finally, Robert W. Baird set a $42.00 price target on Masco and gave the stock a “buy” rating in a research note on Tuesday, October 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $41.14.
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Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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