Masco Corporation (NYSE:MAS) Plans Quarterly Dividend of $0.32

Key Points

• Masco declared a quarterly dividend of $0.32 per share, payable November 23 to shareholders of record on November 6. The annualized dividend is $1.28 per share, yielding approximately 1.7%.
• Masco has increased its dividend for 12 consecutive years, with a current payout ratio of 31.8%, indicating earnings provide substantial coverage for the dividend.
• The company exceeded quarterly expectations, reporting $1.19 in EPS versus the $1.02 consensus estimate and revenue of $1.97 billion, up 2.6% year over year. Institutional investors own approximately 93.9% of Masco’s stock.

Masco Corporation (NYSE:MAS - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, November 6th will be given 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 dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 6th.

Masco has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Masco has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Masco to earn $4.61 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 27.8%.

Masco Stock Performance

Shares of MAS stock opened at $76.20 on Thursday. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.92 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The company has a 50-day simple moving average of $71.01 and a 200 day simple moving average of $70.77. Masco has a 52 week low of $58.16 and a 52 week high of $83.64.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.93 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. On average, sell-side analysts predict that Masco will post 4.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Masco during the 3rd quarter worth approximately $3,379,000. ProShare Advisors LLC lifted its position in shares of Masco by 15.7% in the 3rd quarter. ProShare Advisors LLC now owns 43,001 shares of the construction company's stock worth $2,898,000 after purchasing an additional 5,835 shares during the period. Vise Technologies Inc. boosted its stake in shares of Masco by 29.0% in the 3rd quarter. Vise Technologies Inc. now owns 18,421 shares of the construction company's stock valued at $1,242,000 after purchasing an additional 4,142 shares during the last quarter. MGO One Seven LLC boosted its stake in shares of Masco by 20.0% in the 3rd quarter. MGO One Seven LLC now owns 18,920 shares of the construction company's stock valued at $1,275,000 after purchasing an additional 3,148 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of Masco by 13.6% in the 3rd quarter. State of Wyoming now owns 10,473 shares of the construction company's stock valued at $706,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors own 93.91% of the company's stock.

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.

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