Masco Corporation (NYSE:MAS) to Issue Dividend Increase – $0.32 Per Share

Masco Corporation (NYSE:MAS) declared a quarterly dividend on Tuesday, February 10th. Investors of record on Friday, February 20th will be paid a dividend of 0.32 per share by the construction company on Monday, March 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, February 20th. This is a 3.2% increase from Masco’s previous quarterly dividend of $0.31.

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 dividend payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

MAS opened at $77.82 on Wednesday. Masco has a fifty-two week low of $56.55 and a fifty-two week high of $79.19. The firm has a 50-day moving average of $66.75 and a 200 day moving average of $68.02. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88. The firm has a market cap of $16.16 billion, a P/E ratio of 19.95, a PEG ratio of 3.12 and a beta of 1.28.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, research analysts expect that Masco will post 4.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays reissued an “equal weight” rating and issued a $71.00 price objective (down previously from $76.00) on shares of Masco in a report on Monday, December 8th. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Vertical Research started coverage on shares of Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Masco in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $73.20.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.