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

Masco Corporation (NYSE:MAS) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, August 24th will be given a dividend of 0.32 per share by the construction company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th.

Masco has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Masco has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Masco to earn $4.63 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 27.6%.

Masco Trading Down 2.1%

NYSE:MAS opened at $74.53 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. Masco has a 1-year low of $58.16 and a 1-year high of $83.64. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.93 and a beta of 1.30. The business’s 50-day moving average price is $76.43 and its two-hundred day moving average price is $70.69.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.32. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities analysts expect that Masco will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

MAS has been the subject of a number of analyst reports. Evercore cut shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a report on Thursday, July 30th. Bank of America cut their target price on shares of Masco from $69.00 to $61.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Citigroup reduced their price target on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Royal Bank Of Canada boosted their price target on shares of Masco from $67.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $74.00 price objective on shares of Masco in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.87.

About Masco

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.