Mastercard Incorporated (NYSE:MA) Declares Quarterly Dividend of $0.76

Key Points

• Mastercard Incorporated declared a quarterly dividend of $0.76 per share, payable to shareholders on November 7th, 2023, with a yield of 0.5%.
• Mastercard has a payout ratio of 16.3%, which indicates that its dividend is well-covered by earnings.
• The company reported earnings of $4.15 per share for the last quarter, exceeding analyst estimates, and its revenue rose 16.8% year-over-year.

Mastercard Incorporated (NYSE:MA - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Thursday, October 9th will be given a dividend of 0.76 per share by the credit services provider on Friday, November 7th. This represents a c) dividend on an annualized basis and a yield of 0.5%.

Mastercard has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mastercard to earn $18.61 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 16.3%.

Mastercard Stock Up 0.6%

MA stock traded up $3.67 during midday trading on Tuesday, reaching $586.63. The company had a trading volume of 2,536,607 shares, compared to its average volume of 2,221,096. Mastercard has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $530.32 billion, a P/E ratio of 39.56, a PEG ratio of 2.39 and a beta of 0.99. The company has a 50 day moving average of $574.96 and a two-hundred day moving average of $558.34.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The company's revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts expect that Mastercard will post 15.91 earnings per share for the current fiscal year.

Insider Transactions at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,094 shares of company stock worth $26,521,861. Corporate insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Mastercard in the fourth quarter worth $73,000. Trustco Bank Corp N Y bought a new stake in shares of Mastercard in the fourth quarter worth $211,000. Finally, Silvercrest Asset Management Group LLC lifted its position in shares of Mastercard by 1.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,825 shares of the credit services provider's stock worth $4,647,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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