By Emon Reiser

Shares of Masco rose after the home improvement products maker said its board authorized a $2 billion share repurchase program and raised its dividend.

The stock rose 10% to $78.87 a share in midday Tuesday trading. Shares are up 24% year to date.

Masco's board declared a quarterly dividend of 32 cents a share, up from 31 cents a share, payable March 9 to shareholders of record on Feb. 20.

The new payout, equal to $1.28 a year, represents an annual yield of about 1.8% based on Monday's closing price of $71.61.

Masco's board also authorized a new $2 billion share repurchase program, effective Feb. 10, replacing the existing authorization.

"Our dividend and our share repurchase program are important pillars of our capital allocation strategy to deliver value to our shareholders. The new $2.0 billion share repurchase program underscores Masco's resilient business model, strong financial position and the Board's confidence in our future performance," Chief Executive Jon Nudi said.

Masco on Tuesday reported net income of $165 million, or 80 cents a share for the period ended Dec. 31, compared with $182 million, or 85 cents a share, in the year-ago quarter.

After adjusting for one-time items, the company logged earnings of 82 cents a share. Analyst polled by FactSet were expecting 79 cents.

Sales fell to $1.79 billion, from $1.83 billion in the year-ago quarter. Analysts polled by FactSet expected $1.82 billion.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

February 10, 2026 13:06 ET (18:06 GMT)

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