Dividend Coverage: Can Masco Corporation (NYSE:MAS) truly back claims of $0.10 dividends by Nov 14, 2016?

Dividend Coverage: Can Masco Corporation (NYSE:MAS) truly back claims of $0.10 dividends by Nov 14, 2016?

Masco Corporation (NYSE:MAS) is expected to pay $0.10 on Nov 14, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Masco Corporation’s current price of $33.88, the dividend is 0.30%. This dividend’s record date is Oct 14, 2016 and the announcement date is Sep 23, 2016. The stock increased 1.10% or $0.37 during the last trading session, hitting $33.88. Masco Corp (NYSE:MAS) has risen 16.27% since March 8, 2016 and is uptrending. It has outperformed by 6.95% the S&P500.

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The company has a market cap of $10.73 billion. The Firm operates through four business divisions: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a 25.67 P/E ratio. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.

Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.05, from 0.94 in 2016Q1. The ratio is positive, as 48 funds sold all Masco Corp shares owned while 187 reduced positions. 57 funds bought stakes while 176 increased positions. They now own 295.06 million shares or 5.25% less from 311.42 million shares in 2016Q1.
Moreover, Icon Advisers has 0.75% invested in Masco Corp (NYSE:MAS) for 359,000 shares. The California-based Los Angeles Capital Mgmt Equity Research Incorporated has invested 0.04% in Masco Corp (NYSE:MAS). Daiwa Sb Invests Limited holds 0.21% or 23,180 shares in its portfolio. Bowling Portfolio Management Ltd Company owns 177,172 shares or 0.9% of their US portfolio. The Indiana-based 1St Source Bank & Trust has invested 0.11% in Masco Corp (NYSE:MAS). Moreover, Suntrust Banks Incorporated has 0.01% invested in Masco Corp (NYSE:MAS) for 26,830 shares. New Mexico Educational Retirement Board has 0.05% invested in the company for 38,771 shares. Oakworth Cap Inc accumulated 95 shares or 0% of the stock. British Columbia Mgmt Corp owns 284,393 shares or 0.08% of their US portfolio. Fjarde Ap, a Alabama-based fund reported 78,553 shares. M&T Fincl Bank Corp holds 0.01% of its portfolio in Masco Corp (NYSE:MAS) for 62,250 shares. Principal Fin Group Inc has 992,124 shares for 0.04% of their US portfolio. Boys Arnold And last reported 11,000 shares in the company. Reilly Advsrs Limited Liability accumulated 400 shares or 0% of the stock. Guardian Tru has 0% invested in the company for 401 shares.

Insider Transactions: Since May 3, 2016, the stock had 0 buys, and 10 insider sales for $6.76 million net activity. MANOOGIAN RICHARD A sold $1.28 million worth of Masco Corp (NYSE:MAS) on Tuesday, August 9. 3,694 shares with value of $120,439 were sold by Straber Renee on Tuesday, May 31. Another trade for 19,353 shares valued at $720,414 was sold by Sznewajs John G. Kastner Christopher K. sold $149,236 worth of Masco Corp (NYSE:MAS) on Friday, July 29. $19,984 worth of shares were sold by LOSH J MICHAEL on Thursday, May 5. On Friday, July 29 PLANT JOHN C sold $255,814 worth of the stock or 7,000 shares. On Tuesday, May 3 the insider ARCHER DENNIS W sold $21,049.

Masco Corp (NYSE:MAS) Ratings Coverage

Out of 14 analysts covering Masco (NYSE:MAS), 12 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 86% are positive. Masco has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, July 28 by M Partners. On Thursday, March 31 the stock rating was downgraded by Vertical Research to “Hold”. On Wednesday, January 6 the stock rating was upgraded by Macquarie Research to “Outperform”. Barclays Capital maintained Masco Corp (NYSE:MAS) rating on Tuesday, October 13. Barclays Capital has “Equal-Weight” rating and $30 price target. The rating was reinitiated by Bank of America with “Buy” on Friday, September 23. The firm has “Overweight” rating given on Thursday, March 24 by JP Morgan. On Thursday, September 29 the stock rating was initiated by Wells Fargo with “Outperform”. Jefferies maintained Masco Corp (NYSE:MAS) rating on Wednesday, July 27. Jefferies has “Buy” rating and $42 price target. The firm earned “Buy” rating on Monday, January 25 by Evercore. SunTrust upgraded the shares of MAS in a report on Tuesday, July 28 to “Buy” rating.

More news for Masco Corp (NYSE:MAS) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Methode Electronics, Trinity Industries and Masco Corp.” on October 10, 2016. Nasdaq.com‘s article titled: “January 2019 Options Now Available For Masco Corp.” and published on September 12, 2016 is yet another important article.

MAS Company Profile

Masco Corporation, incorporated on June 15, 1962, designs, makes, markets and distributes branded home improvement and building products. The Firm operates through four business divisions: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. The Firm has a portfolio of brands, which includes KRAFTMAID, MERILLAT, HANSGROHE, HOT SPRING, CALDERA, BEHR, KILZ, LIBERTY, BRAINERD, MILGARD, DELTA and PEERLESS.

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