Masco Co. (MAS) To Go Ex-Dividend on February 21st

Masco Co. (NYSE:MAS) announced a quarterly dividend on Tuesday, February 11th,NASDAQ Dividends reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.31 per share by the construction company on Monday, March 10th. This represents a $1.24 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from Masco’s previous quarterly dividend of $0.29.

Masco has increased its dividend payment by an average of 18.1% 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 25.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Masco to earn $4.83 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 25.7%.

Masco Stock Performance

MAS stock opened at $77.30 on Wednesday. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.98 and a beta of 1.25. The firm has a 50 day moving average of $76.32 and a two-hundred day moving average of $78.74. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. Masco has a 12 month low of $63.81 and a 12 month high of $86.70.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same quarter in the prior year, the business earned $0.83 EPS. As a group, equities analysts anticipate that Masco will post 4.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MAS has been the topic of several recent analyst reports. Truist Financial lifted their target price on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $74.00 price objective on shares of Masco in a research report on Wednesday, February 12th. UBS Group lowered their target price on Masco from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Citigroup dropped their price target on Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Evercore ISI increased their price objective on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.32.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.