Masco Corporation (MAS) To Go Ex-Dividend on October 12th

Masco Corporation (NYSE:MAS) announced a quarterly dividend on Friday, September 22nd, RTT News reports. Investors of record on Friday, October 13th will be given a dividend of 0.105 per share by the construction company on Monday, November 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, October 12th. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10.

Masco Corporation has increased its dividend payment by an average of 8.7% annually over the last three years and has increased its dividend every year for the last 3 years. Masco Corporation has a dividend payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Masco Corporation to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 18.8%.

Shares of Masco Corporation (NYSE:MAS) opened at 38.75 on Wednesday. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.62. The firm has a market cap of $12.22 billion, a PE ratio of 23.96 and a beta of 1.54. The company has a 50 day moving average of $37.72 and a 200-day moving average of $37.12.

Masco Corporation (NYSE:MAS) last issued its earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Masco Corporation will post $1.97 EPS for the current fiscal year.

A number of research analysts recently issued reports on MAS shares. Barclays PLC lifted their price target on Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Credit Suisse Group set a $36.00 price target on Masco Corporation and gave the company a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Masco Corporation in a report on Wednesday, July 19th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $44.00 price target (up from $43.00) on shares of Masco Corporation in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $40.92.

In other Masco Corporation news, insider Joseph B. Gross sold 2,337 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $37.53, for a total transaction of $87,707.61. Following the completion of the transaction, the insider now owns 56,935 shares of the company’s stock, valued at approximately $2,136,770.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the transaction, the vice president now directly owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. Insiders sold a total of 24,101 shares of company stock valued at $916,799 over the last quarter. 1.30% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Masco Corporation (MAS) To Go Ex-Dividend on October 12th” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at

About Masco Corporation

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Dividend History for Masco Corporation (NYSE:MAS)

What are top analysts saying about Masco Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Masco Corporation and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit