Masco Corporation Declares Increased Quarterly Dividend

TAYLOR, Mich., Sept. 12  /PRNewswire-FirstCall/ -- Masco Corporation (NYSE: MAS) today announced that its Board of Directors has increased its quarterly dividend to $.235 per common share payable on November 10, 2008, to shareholders of record on October 10, 2008.  The increased quarterly dividend reflects Masco's strong balance sheet, cash flow and favorable long-term outlook.  This marks the 50th consecutive year in which dividends have been increased.

"Despite the current housing environment and slow-down in consumer spending for home improvement products and their negative impact on the Company's current earnings, we are confident that, over the long-term, market fundamentals for our products and services will significantly improve," said Timothy Wadhams, Masco Chief Executive Officer and President.  "We continue to believe that the combination of Masco's scale, service, distribution, installation and brand differentiation will result in our ability to generate significant long-term growth in earnings from current depressed levels."

Headquartered in Taylor, Michigan, Masco Corporation is one of the world's leading manufacturers of home improvement and building products, as well as a leading provider of services that include the installation of insulation and other building products.

Masco Corporation's press releases and other information are available through the Company's toll free number, 1-888-MAS-NEWS, or under the Investor Relations section of Masco's website at http://www.masco.com/.

Statements contained herein that reflect the Company's views about its future performance constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995.  These views involve risks and uncertainties that are difficult to predict and, accordingly, the Company's results may differ materially from the results discussed in such forward-looking statements.  For an explanation of various factors that may affect our performance, refer to our most recent Annual Report on Form 10-K (particularly the "Risk Factors" section) and to any subsequent Quarterly Reports on Form 10-Q, all of which are on file with the Securities and Exchange Commission.  The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.  The Company believes that certain non-GAAP performance measures and ratios that may be contained herein, used in managing the business, may provide users of this financial information with additional meaningful comparisons between current results and results in prior periods. Non-GAAP performance measures and ratios should be viewed in addition to, and not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States.  Additional information about the Company is contained in the Company's filings with the Securities and Exchange Commission and is available on Masco's website at http://www.masco.com/. 

DATASOURCE: Masco Corporation



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[phone], , Investors, Maria Duey, Vice

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