Mastercard Incorporated (NYSE:MA – Get Free Report) announced a quarterly dividend on Tuesday, June 16th. Shareholders of record on Thursday, July 9th will be given a dividend of 0.87 per share by the credit services provider on Friday, August 7th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, July 9th.
Mastercard has raised its dividend 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 payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mastercard to earn $22.65 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 15.4%.
Mastercard Trading Up 2.1%
MA opened at $501.00 on Wednesday. Mastercard has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market cap of $442.67 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company has a fifty day moving average price of $499.39 and a two-hundred day moving average price of $522.78.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on MA shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a research note on Friday, May 1st. Truist Financial reduced their price objective on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a report on Thursday, March 19th. Tigress Financial lifted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Finally, Evercore reiterated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average price target of $656.04.
Get Our Latest Research Report on Mastercard
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.
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