Mastercard Incorporated (MA) Increases Dividend to $0.25 Per Share

Mastercard Incorporated (NYSE:MA) announced a quarterly dividend on Monday, December 4th, RTT News reports. Investors of record on Tuesday, January 9th will be given a dividend of 0.25 per share by the credit services provider on Friday, February 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. This is a boost from Mastercard’s previous quarterly dividend of $0.22.

Mastercard has increased its dividend by an average of 53.5% per year over the last three years and has increased its dividend every year for the last 5 years. Mastercard has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Mastercard to earn $5.32 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 16.5%.

Mastercard (NYSE MA) traded down $6.26 during trading hours on Monday, reaching $143.43. 7,485,460 shares of the company were exchanged, compared to its average volume of 3,202,194. Mastercard has a 52 week low of $101.80 and a 52 week high of $154.65. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The company has a market cap of $158,471.11, a price-to-earnings ratio of 34.73, a P/E/G ratio of 1.99 and a beta of 1.20.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $1.08 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. research analysts predict that Mastercard will post 4.54 EPS for the current fiscal year.

In other news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,582,984 over the last ninety days. Insiders own 0.30% of the company’s stock.

MA has been the subject of a number of recent analyst reports. Instinet reiterated a “buy” rating and set a $163.00 price target (up from $153.00) on shares of Mastercard in a report on Saturday, September 9th. KeyCorp reiterated a “buy” rating and set a $165.00 price target on shares of Mastercard in a report on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $174.00 price target (up from $157.00) on shares of Mastercard in a report on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $161.00 price target on shares of Mastercard in a report on Friday, October 13th. Finally, Susquehanna Bancshares reissued a “positive” rating and set a $158.00 price objective (up from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $159.08.

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Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Dividend History for Mastercard (NYSE:MA)

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