Masco Pay About 32% Of Its Profit As Dividend

Masco Corporation MAS revealed that its Board declared a quarterly dividend of $0.095 per share. The dividend offered 1.20 percent yield and represented a payout ratio of 32 percent. Also, the quarterly dividend worked out to $0.38 a share on an annualized pace.

The company stated the dividend would be payable on August 8 to shareholders of record on July 8, 2016.

The stock traded down by 4 percent on Friday.