Masco Corporation (MAS) To Go Ex-Dividend on November 6th

Masco Corporation (NYSE:MAS) announced a quarterly dividend on Thursday, October 22nd. Shareholders 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 yield of 1.6%. The ex-dividend date of this dividend is Friday, November 6th.

Masco has increased its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 12 years. Masco has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $4.70 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 27.2%.

Masco Price Performance

Shares of MAS stock opened at $82.19 on Wednesday. Masco has a twelve month low of $58.16 and a twelve month high of $83.85. The stock has a market capitalization of $15.84 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.85 and a beta of 1.21. The stock has a fifty day simple moving average of $71.64 and a two-hundred day simple moving average of $71.01. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. Masco had a negative return on equity of 1,807.69% and a net margin of 12.07%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS. On average, analysts predict that Masco will post 4.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on MAS. The Goldman Sachs Group reiterated a “buy” rating and set a $95.00 target price on shares of Masco in a report on Wednesday, October 28th. Evercore lowered shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target for the company. in a report on Thursday, July 30th. Royal Bank Of Canada upped their price target on shares of Masco from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on shares of Masco in a research note on Monday, August 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $90.00 price objective (up from $88.00) on shares of Masco in a report on Wednesday, October 28th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.94.

Masco Company Profile

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.