Mastercard Incorporated (MA) to Issue Quarterly Dividend of $0.22 on November 9th
Mastercard Incorporated (NYSE:MA) declared a quarterly dividend on Tuesday, September 19th, RTT News reports. Investors of record on Friday, October 6th will be paid a dividend of 0.22 per share by the credit services provider on Thursday, November 9th. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 5th.
Mastercard has raised 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 payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mastercard to earn $5.20 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 16.9%.
Mastercard (NYSE MA) opened at 143.02 on Wednesday. Mastercard has a one year low of $99.51 and a one year high of $143.59. The firm has a market cap of $152.30 billion, a PE ratio of 35.49 and a beta of 1.18. The stock has a 50 day moving average of $137.09 and a 200 day moving average of $124.74.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm earned $0.96 EPS. Mastercard’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Mastercard will post $4.44 earnings per share for the current year.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 869,668 shares of company stock worth $112,301,656. 0.30% of the stock is currently owned by corporate insiders.
A number of analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $145.00 price target on shares of Mastercard in a research report on Friday, September 8th. Deutsche Bank AG reissued a “buy” rating and issued a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and upped their target price for the company from $135.00 to $153.00 in a research note on Monday, September 11th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Finally, Nomura increased their price target on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have assigned a buy rating to the company. Mastercard presently has an average rating of “Buy” and a consensus price target of $143.08.
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.
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