Mastercard Inc (NYSE:MA) Plans $0.33 Quarterly Dividend

Mastercard Inc (NYSE:MA) declared a quarterly dividend on Tuesday, September 17th, RTT News reports. Stockholders of record on Wednesday, October 9th will be paid a dividend of 0.33 per share by the credit services provider on Friday, November 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.48%.

Mastercard has increased its dividend payment by an average of 16.0% annually over the last three years and has raised its dividend every year for the last 7 years. Mastercard has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mastercard to earn $8.99 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.7%.

NYSE:MA traded up $0.24 during mid-day trading on Tuesday, hitting $274.32. The stock had a trading volume of 1,584,308 shares, compared to its average volume of 3,402,992. Mastercard has a twelve month low of $171.89 and a twelve month high of $293.69. The stock has a market cap of $280.34 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 2.18 and a beta of 1.08. The company’s 50 day simple moving average is $276.59 and its 200 day simple moving average is $256.92. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the business posted $1.66 EPS. Mastercard’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that Mastercard will post 7.61 earnings per share for the current year.

MA has been the subject of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, August 22nd. Bank of America raised their target price on shares of Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Susquehanna Bancshares raised their target price on shares of Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group raised their target price on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $298.10.

In other news, Director Lance Darrell Gordon Uggla acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $275.71 per share, with a total value of $413,565.00. Following the completion of the purchase, the director now directly owns 3,691 shares of the company’s stock, valued at approximately $1,017,645.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Miebach sold 2,770 shares of Mastercard stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total transaction of $789,450.00. Following the completion of the transaction, the insider now directly owns 12,778 shares in the company, valued at $3,641,730. The disclosure for this sale can be found here. Insiders sold 148,457 shares of company stock worth $40,747,113 over the last three months. 3.70% of the stock is currently owned by insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Featured Story: Cost of Capital Explained

Dividend History for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.