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

Masco Co. (NYSE:MAS) announced a quarterly 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. This represents a $1.24 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Masco’s previous quarterly dividend of $0.29.

Masco has raised its dividend payment by an average of 18.1% per year over the last three years and has raised its dividend every year for the last 11 years. Masco has a dividend 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 Down 2.5 %

Shares of MAS stock opened at $76.71 on Thursday. Masco has a 52-week low of $63.81 and a 52-week high of $86.70. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.09 and a beta of 1.25. The firm’s 50-day moving average is $76.53 and its 200-day moving average is $78.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, beating 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 period in the previous year, the firm posted $0.83 EPS. Sell-side analysts predict that Masco will post 4.09 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group reduced their target price on shares of Masco from $94.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday. Jefferies Financial Group cut Masco from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $96.00 to $89.00 in a report on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $74.00 target price on shares of Masco in a research note on Wednesday. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company decreased their price objective on Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.58.

About Masco

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.