Masco Corp (NYSE:MAS) announced a quarterly dividend on Thursday, December 14th, RTT News reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.105 per share by the construction company on Monday, February 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%.
Masco has increased its dividend by an average of 8.7% annually over the last three years and has raised its dividend every year for the last 3 years. Masco has a dividend payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Masco 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%.
Masco (NYSE:MAS) traded down $0.17 during trading hours on Thursday, reaching $42.02. 2,653,300 shares of the company were exchanged, compared to its average volume of 2,643,469. Masco has a 52 week low of $31.29 and a 52 week high of $43.79. The stock has a market capitalization of $13,271.51, a price-to-earnings ratio of 22.93, a PEG ratio of 1.31 and a beta of 1.59. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48.
A number of analysts recently weighed in on MAS shares. Robert W. Baird upped their price objective on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Citigroup upped their price objective on shares of Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and issued a $46.00 price objective (up from $43.00) on shares of Masco in a research note on Wednesday, October 25th. Royal Bank of Canada upped their price objective on shares of Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Masco from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Masco presently has a consensus rating of “Buy” and a consensus price target of $42.88.
In other Masco news, VP Kenneth G. Cole sold 2,266 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the sale, the vice president now directly owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Renee Straber sold 2,574 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,227 shares of company stock valued at $3,622,549. Insiders own 1.30% of the company’s stock.
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Masco Company Profile
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.
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