Masco Corporation (MAS) will raise its quarterly dividend by 5.0 percent to $0.105 per share in the fourth quarter of 2017. This follows a similar dividend hike last year when the quarterly dividend was raised from $0.095 to $0.10 per share.
The new dividend is payable on November 13, 2017, to shareholders of record on October 13, 2017. The ex-date for this increased dividend of 10.5 cents per share is October 12, 2017. Masco has increased its dividend annually since 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).