Mastercard Incorporated (NYSE:MA) Declares $0.87 Quarterly Dividend

Mastercard Incorporated (NYSE:MA) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Thursday, April 9th will be paid a dividend of 0.87 per share by the credit services provider on Friday, May 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, April 9th.

Mastercard has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Mastercard has a dividend payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mastercard to earn $18.61 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 18.7%.

Mastercard Price Performance

Shares of MA stock traded down $2.43 during trading hours on Wednesday, reaching $537.96. 2,475,808 shares of the company were exchanged, compared to its average volume of 4,240,273. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.12. The company has a market cap of $483.09 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 1.73 and a beta of 0.83. The stock’s fifty day moving average is $555.00 and its two-hundred day moving average is $563.93. Mastercard has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.82 EPS. Sell-side analysts forecast that Mastercard will post 15.91 earnings per share for the current fiscal year.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.