Masco Corporation dividend – Masco Corporation announces $0.28 dividend per share for upcoming quarter

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Masco Corporation ($NYSE:MAS) is a publicly traded company that manufactures and sells home improvement and building products. Some of its best-known brands include Behr paint, Delta faucets, and KraftMaid cabinets. The company has recently announced that it will be paying a dividend of $0.28 per share in the upcoming quarter. This is the same amount as the previous quarter. The dividend will be paid on November 28 to shareholders of record as of November 10.

The ex-dividend date, or the date on which the dividend will be paid to shareholders who do not own the stock, is November. Masco’s products are sold through a variety of channels, including big box stores, home centers, and independent retailers. The company has a strong focus on innovation and has been investing heavily in research and development in recent years. The dividend announcement is good news for shareholders, as it indicates that the company is financially healthy and has a strong outlook for the future.

Dividends – Masco Corporation dividend

Masco Corporation has announced that it will be paying a dividend of $0.28 per share for the upcoming quarter. This is a significant increase from the dividends of $0.84 and $0.55 that were issued last year. The dividend yield for the company’s shares has been increasing steadily over the last few years and is currently at 1.84%. The three-year average dividend yield for the company is 1.48%.

Share Price

This news caused the stock to open at $45.0 and close at $45.5, up by 2.2% from the prior closing price of 44.6. The company has a long history of paying dividends to shareholders, and this latest announcement is just another example of its commitment to returning value to investors. With a strong dividend yield and a history of consistent dividend payments, Masco Corporation is an attractive investment for income-seeking investors. The company is also well-positioned to benefit from the continued recovery in the housing market, which should provide a tailwind for its business in the coming years.

VI Analysis

The company’s fundamentals reflect its long term potential, and the company’s VI Risk Rating is a medium risk investment in terms of financial and business aspects. However, the VI App has detected 2 risk warnings in the company’s income sheet and balance sheet. Registering with us will allow you to check out these warnings and make an informed investment decision.

VI Peers

Masco Corp is one of the world’s leading manufacturers of building products, including windows, doors, cabinets, plumbing, and architectural hardware. The company has a wide array of competitors, including Builders FirstSource Inc, Eurocell PLC, and Nihon Flush Co Ltd.

– Builders FirstSource Inc ($NYSE:BLDR)

Builders FirstSource Inc is a leading supplier of building products, services and solutions in the United States. The company has a market cap of 8.79B as of 2022 and a return on equity of 44.89%. The company’s products and services include lumber, millwork, doors, windows, engineered wood products, trusses, wall panels, roofing, siding, decking, stairs and more. The company operates through its network of over 400 locations across 40 states.

– Eurocell PLC ($LSE:ECEL)

Eurocell PLC is a market leader in the design, manufacture, and distribution of PVC-U products for the construction industry in the United Kingdom. The company has a market cap of 151.89M as of 2022 and a Return on Equity of 17.32%. Eurocell PLC’s products are used in a variety of applications, including windows, doors, conservatories, roofline products, and fascias. The company’s products are manufactured to the highest standards and are backed by a comprehensive warranty.

– Nihon Flush Co Ltd ($TSE:7820)

Nihon Flush Co Ltd is a Japanese company that manufactures and sells toilets and other bathroom fixtures. The company has a market cap of 24.48B as of 2022 and a Return on Equity of 10.59%. Nihon Flush Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.

Summary

Investing in MASCO Corporation could be a smart move for income-seeking investors. That’s because the company recently announced a quarterly dividend of $0.28 per share. While that might not seem like much, it’s actually quite good when you compare it to the overall stock market. So, if you’re looking for a higher yield, MAS could be a good option.

Not only does MAS have a higher dividend yield than the market, but it also has a history of increasing its dividend payments. So, if you’re looking for a dividend stock to add to your portfolio, MAS could be a great option to consider.