Mastercard Incorporated (MA) to Issue Quarterly Dividend of $0.87 on November 9th

Mastercard Incorporated (NYSE:MA) declared a quarterly dividend on Tuesday, September 29th. Stockholders of record on Friday, October 9th will be given 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 of this dividend is Friday, October 9th.

Mastercard has increased its dividend payment by an average of 0.1%per year 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. 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 Performance

MA opened at $552.58 on Thursday. The firm has a fifty day moving average price of $570.90 and a 200 day moving average price of $527.99. Mastercard has a 1 year low of $464.52 and a 1 year high of $601.23. The stock has a market cap of $484.06 billion, a P/E ratio of 30.39, a P/E/G ratio of 1.61 and a beta of 0.74. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating the consensus estimate of $4.77 by $0.27. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $4.15 earnings per share. Equities research analysts anticipate that Mastercard will post 19.9 earnings per share for the current year.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $567.68, for a total value of $9,439,383.04. Following the sale, the chief executive officer directly owned 115,921 shares in the company, valued at approximately $65,806,033.28. The trade was a 12.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the sale, the insider owned 3,322 shares of the company’s stock, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 67,818 shares of company stock valued at $38,962,630. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mastercard

Institutional investors have recently added to or reduced their stakes in the stock. Robinswood Financial LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $25,000. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard during the 4th quarter valued at approximately $29,000. First Pacific Financial lifted its holdings in Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. Lifetime Wealth Management P.C. acquired a new position in Mastercard in the fourth quarter valued at approximately $33,000. Finally, Allied Private Wealth LLC purchased a new position in Mastercard in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.