Mastercard Incorporated (NYSE:MA) to Issue Quarterly Dividend of $0.87

Key Points

• Mastercard declared a quarterly dividend of $0.87 per share, payable November 9 to shareholders of record October 9. The dividend equals $3.48 annually and yields approximately 0.6%.
• Mastercard has increased its dividend for 13 consecutive years, with a current earnings payout ratio of 18.7%, indicating substantial coverage.
• The company recently beat quarterly earnings and revenue estimates, reporting $5.04 in earnings per share and $9.28 billion in revenue, with revenue up 14.1% year over year.

Mastercard Incorporated (NYSE:MA - Get Free Report) declared a quarterly dividend on Tuesday, September 29th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.87 per share by the credit services provider on Monday, November 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 9th.

Mastercard has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Mastercard has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mastercard to earn $22.93 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 15.2%.

Mastercard Stock Down 0.8%

Shares of NYSE:MA opened at $563.80 on Wednesday. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $493.90 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 1.62 and a beta of 0.74. The company has a 50 day moving average of $570.49 and a 200-day moving average of $527.60. Mastercard has a one year low of $464.52 and a one year high of $601.23.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period in the prior year, the business posted $4.15 earnings per share. Mastercard's revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard will post 19.9 earnings per share for the current year.

Mastercard Company Profile

Mastercard Incorporated NYSE: MA is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard's products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.

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