Masco Corporation (NYSE:MAS – Get Free Report) announced a quarterly dividend on Monday, May 11th. Stockholders of record on Friday, May 22nd will be given 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%per year over the last three years and has raised its dividend every year for the last 12 years. Masco has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities 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
NYSE MAS opened at $70.55 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. Masco has a 12-month low of $58.16 and a 12-month high of $79.19. The company has a market capitalization of $14.23 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The firm’s 50 day moving average is $65.12 and its 200-day moving average is $66.22.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on MAS shares. JPMorgan Chase & Co. lifted their price objective on shares of Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Oppenheimer reiterated an “outperform” rating and issued a $88.00 price objective on shares of Masco in a report on Wednesday, February 11th. BMO Capital Markets lowered their price objective on shares of Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Citigroup lowered their price objective on shares of Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 9th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $80.07.
Check Out Our Latest Research Report on MAS
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.
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