Masco Corporation (MAS) will raise its quarterly dividend by 5.3 percent to $0.10 per share in the fourth quarter of 2016. The home improvement products company has increased its dividend annually since 2014.
The new dividend is payable on November 14, 2016, to shareholders of record on October 14, 2016. The ex-date for this increased dividend of 10 cents per share is October 12, 2016.
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).