Masco Corporation (MAS) will raise its quarterly dividend by 20 percent to $0.09 per share in 2014. This marks the home improvement products company's first dividend hike since 2009, when the quarterly dividend was cut from $0.235 to $0.075 per share.
The next dividend is payable on July 15, 2014, to shareholders of record on June 16, 2014. The ex-date for this increased dividend of 9 cents per share is June 12, 2014.
Masco Corporation is a manufacturer of branded home improvement and building products. The Company’s brands include Behr (paint); Delta and Hansgrohe (faucets, bath and shower fixtures); KraftMaid and Merillat (cabinets); Milgard (windows and doors); and HotSpring (spas).