Mastercard Incorporated (NYSE:MA) Increases Dividend to $0.87 Per Share

Mastercard Incorporated (NYSE:MA) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Friday, January 9th will be given a dividend of 0.87 per share by the credit services provider on Monday, February 9th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. This is a 14.5% increase from Mastercard’s previous quarterly dividend of $0.76.

Mastercard has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Mastercard has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mastercard to earn $18.61 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 16.3%.

Mastercard Price Performance

Shares of NYSE MA traded up $5.59 during midday trading on Wednesday, reaching $543.14. 498,051 shares of the company traded hands, compared to its average volume of 2,756,358. Mastercard has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day simple moving average is $555.33 and its 200-day simple moving average is $566.60. The firm has a market cap of $487.74 billion, a PE ratio of 34.72, a PEG ratio of 2.12 and a beta of 0.87.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.89 EPS. As a group, equities analysts anticipate that Mastercard will post 15.91 earnings per share for the current fiscal year.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.