Masco Corp. (MAS) Raises Quarterly Dividend 20% to $0.09; 1.8% Yield

Masco Corp. (NYSE: MAS) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. This is a 20% increase from the prior dividend of $0.075.

The dividend will be payable on July 15, 2014, to stockholders of record on June 16, 2014, with an ex-dividend date of June 12, 2014.

The annual yield on the dividend is 1.8 percent.

"The increased quarterly dividend reflects Masco's strong balance sheet, cash flow and favorable long-term outlook. We believe we are well positioned to grow our key brands and to gain market share in 2014 and beyond," said Masco's President and CEO, Keith Allman. "We believe that the dividend increase represents the board's confidence in our ability to continue to focus on the customer and execute against our priorities by improving our enterprise leverage, driving a high performance culture and focusing on continuous improvement in all we do."

For a dividend history and other dividend-related data on Masco Corp. (MAS) click here.

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