Masco Co. (MAS) To Go Ex-Dividend on February 21st

Masco Co. (NYSE:MAS) announced a quarterly dividend on Tuesday, February 11th,NASDAQ Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, February 21st. This is an increase from Masco’s previous quarterly dividend of $0.29.

Masco has raised its dividend 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 payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 2.5 %

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

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same period last year, the firm earned $0.83 earnings per share. On average, analysts expect that Masco will post 4.09 EPS for the current year.

Wall Street Analyst Weigh In

MAS has been the topic of several recent analyst reports. Citigroup decreased their price target on Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. increased their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. UBS Group decreased their price objective on shares of Masco from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.58.

Masco Company Profile

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.