Masco Corporation (NYSE:MAS) announced a quarterly dividend on Thursday, June 22nd, RTT News reports. Investors of record on Friday, July 14th will be paid a dividend of 0.10 per share by the construction company on Monday, August 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.03%.
Masco Corporation has increased its dividend by an average of 8.7% per year over the last three years and has raised its dividend every year for the last 3 years. Masco Corporation has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Masco Corporation to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 18.4%.
Shares of Masco Corporation (MAS) traded up 0.08% during midday trading on Friday, hitting $38.85. 2,814,572 shares of the company were exchanged. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 24.59 and a beta of 1.58. The company has a 50-day moving average price of $37.30 and a 200-day moving average price of $34.39. Masco Corporation has a 52-week low of $29.11 and a 52-week high of $39.37.
Masco Corporation (NYSE:MAS) last announced its earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. Masco Corporation had a net margin of 7.04% and a return on equity of 19,054.54%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts forecast that Masco Corporation will post $1.96 EPS for the current year.
In other news, VP John P. Lindow sold 34,417 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $37.14, for a total transaction of $1,278,247.38. Following the completion of the sale, the vice president now owns 102,434 shares in the company, valued at approximately $3,804,398.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Renee Straber sold 4,452 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $38.58, for a total value of $171,758.16. Following the sale, the vice president now owns 65,961 shares of the company’s stock, valued at approximately $2,544,775.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 194,401 shares of company stock valued at $7,204,672. Corporate insiders own 1.30% of the company’s stock.
Several research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Masco Corporation in a research note on Wednesday, April 26th. Instinet reissued a “buy” rating on shares of Masco Corporation in a research note on Friday, April 14th. Zacks Investment Research downgraded shares of Masco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. BidaskClub raised shares of Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Longbow Research raised shares of Masco Corporation from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Thursday, April 6th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $39.88.
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About Masco Corporation
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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