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.
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.
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