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

Masco Corporation (NYSE:MAS) announced a quarterly dividend on Monday, May 11th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.32 per share by the construction company on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, May 22nd.

Masco has increased 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Masco to earn $4.68 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 27.4%.

Masco Price Performance

MAS stock opened at $70.55 on Tuesday. The firm’s fifty day moving average is $65.12 and its 200 day moving average is $66.22. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75. Masco has a 52 week low of $58.16 and a 52 week high of $79.19. The firm has a market cap of $14.23 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.77 and a beta of 1.34.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Masco had a return on equity of 815.20% and a net margin of 10.90%.The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Research analysts predict that Masco will post 4.25 earnings per share for the current year.

Masco announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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.