Masco Corporation Announces Quarterly Dividend of $0.31 (NYSE:MAS)

Key Points

• Masco Corporation announced a quarterly dividend of $0.31 per share, with stockholders of record set to receive the payment on August 25th, representing an annualized dividend yield of 1.79%.
• The company's earnings for the last quarter exceeded expectations, reporting $1.30 EPS compared to a consensus estimate of $1.08, though revenue decreased by 1.9% year-over-year.
• Masco holds a dividend payout ratio of 30.8%, meaning its dividend is well-supported by earnings, with analysts projecting an expected future payout ratio of 25.8% based on anticipated earnings of $4.81 per share for the next year.

Masco Corporation (NYSE:MAS - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Friday, August 8th will be given a dividend of 0.31 per share by the construction company on Monday, August 25th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 8th.

Masco has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Masco to earn $4.81 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 25.8%.

Masco Stock Up 1.3%

NYSE:MAS traded up $0.86 during mid-day trading on Friday, reaching $68.99. The stock had a trading volume of 4,104,872 shares, compared to its average volume of 2,152,590. The business's 50 day moving average is $64.65 and its 200 day moving average is $68.09. Masco has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The stock has a market cap of $14.55 billion, a P/E ratio of 18.30, a PEG ratio of 2.78 and a beta of 1.16. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.09.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The company's revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. As a group, sell-side analysts predict that Masco will post 4.34 earnings per share for the current year.

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.