Mastercard Inc (NYSE:MA) Announces Quarterly Dividend of $0.40

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Mastercard Inc (NYSE:MA) announced a quarterly dividend on Tuesday, December 3rd, RTT News reports. Investors of record on Thursday, January 9th will be paid a dividend of 0.40 per share by the credit services provider on Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 0.56%. This is a boost from Mastercard’s previous quarterly dividend of $0.33.

Mastercard stock opened at $287.09 on Wednesday. The company has a market capitalization of $294.82 billion, a P/E ratio of 44.24, a PEG ratio of 2.38 and a beta of 1.04. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard has a fifty-two week low of $171.89 and a fifty-two week high of $293.69. The stock has a 50-day simple moving average of $278.35 and a 200-day simple moving average of $272.07.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the business posted $1.78 EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, analysts forecast that Mastercard will post 7.69 earnings per share for the current year.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $280.00, for a total value of $1,400,000.00. Following the completion of the sale, the director now owns 32,119 shares in the company, valued at $8,993,320. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 7,542 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $278.86, for a total transaction of $2,103,162.12. Following the completion of the sale, the insider now owns 112,015,230 shares of the company’s stock, valued at approximately $31,236,567,037.80. The disclosure for this sale can be found here. Insiders sold a total of 95,509 shares of company stock worth $26,273,562 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

MA has been the topic of a number of research reports. ValuEngine lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks upped their price target on shares of Mastercard from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Guggenheim set a $305.00 price target on shares of Mastercard and gave the company a “buy” rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on shares of Mastercard from $291.00 to $315.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, BMO Capital Markets raised their price objective on shares of Mastercard to $348.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mastercard currently has an average rating of “Buy” and a consensus price target of $303.32.

About Mastercard

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.

Further Reading: How is a price target determined?

Dividend History for Mastercard (NYSE:MA)

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