Masco Corporation (NYSE:MAS) on May 15, 2014 declared that the company’s Board of Directors has confirmed a 20% climb in its quarterly ordinary stock dividend. The dividend on common stocks scaled up from $0.75 to $0.09 per ordinary share. The escalated dividend rate is payable to the company’s shareholders on July 15, 2014 as per the record on June 16, 2014. Masco Corporation (NYSE:MAS) stock performance was 1.72% in last session and finished the day at $21..28. Traded volume was 4.51million shares in the last session and the average volume of the stock remained 4.81million shares. The beta of the stock remained 2.16. Masco Corporation (NYSE:MAS) insider ownership is 1.30%.
In April 2014, Bel Fuse [Jersey City, N.J.] acquired ABB Ltd (ADR) (NYSE:ABB)’s Power-One Power Solutions business for $117 million in cash, giving it power conversion products for server, storage and networking equipment, industrial applications and power systems. And in April the previous year, it paid $22.4 million in cash to buy the Transpower magnetics business from TE Connectivity for its integrated connector module (ICM) products for smart-grid applications. ABB Ltd (ADR) (NYSE:ABB) rose 0.97 percent to $23.85 Friday on volume of 4.99million shares. The intra-day range of the stock was $23.71 to $23.89. ABB Ltd (ADR) (NYSE:ABB) has a market capitalization of $54.88billion.
Homebuilders such as PulteGroup Inc. (PHM) and Lennar Corporation (NYSE:LEN), both among Miller’s top 30 holdings, have been discounted because of their weak earnings. Miller said they are poised to grow 20 percent to 25 percent a year for as long as the next five years, and will outperform the S&P 500. Lennar Corporation (NYSE:LEN)’s stock on May 23, 2014 reported a increase of 3.98% to the closing price of $40.54. Its fifty two weeks range is $30.90 -$44.40. The total market capitalization recorded $8.29billion. The overall volume in the last trading session was 5.19million shares. In its share capital, LEN has 199.33million outstanding shares.
Homebuilder D.R. Horton, Inc. (NYSE:DHI) had planned to develop the land and spent $30 million on site work there but never built any homes and sold the property in 2008 to money manager Angelo, Gordon & Co. The firm sold the site to Cohen’s group in early 2013. On Friday, shares of D.R. Horton, Inc. (NYSE:DHI) advanced 4.06% to close the day at $23.57. Company return on investment (ROI) is 6.10% and its monthly performance is recorded as 2.08%. D.R. Horton, Inc. (NYSE:DHI) quarterly revenue growth is -0.42%.
Cemex SAB de CV (ADR) (NYSE:CX), a Mexico-based holding company in the construction industry, named Fernando Gonzalez as its chief executive officer. Mr. Gonzalez was previously executive vice president of finance at the company. He succeeds Lorenzo Zambrano, who died on Monday. Cemex SAB de CV (ADR) (NYSE:CX) stock performance was 1.82% in last session and finished the day at $12.85. Traded volume was 8.50million shares in the last session and the average volume of the stock remained 13.28million shares. The beta of the stock remained 2.51.