Masco Corporation (MAS) to Distribute Quarterly Dividend of $0.32 on August 28th

Masco Corporation (NYSE:MAS) declared a quarterly dividend on Wednesday, August 12th. Stockholders 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) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 24th.

Masco has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 12 years. Masco has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NYSE:MAS opened at $74.61 on Friday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. Masco has a 52 week low of $58.16 and a 52 week high of $83.64. The firm has a market cap of $14.71 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The firm’s fifty day moving average is $76.52 and its 200-day moving average is $70.73.

Masco (NYSE:MAS) last announced 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. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the company earned $1.30 EPS. Masco’s revenue for the quarter was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts predict that Masco will post 4.52 earnings per share for the current year.

Masco declared that its board has approved a share buyback program on Thursday, May 7th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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.