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

Mastercard Incorporated (NYSE:MA) declared a quarterly dividend on Tuesday, June 16th. Stockholders of record on Thursday, July 9th will be given a dividend of 0.87 per share by the credit services provider on Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th.

Mastercard has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Mastercard has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mastercard to earn $22.65 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 15.4%.

Mastercard Trading Up 2.1%

NYSE MA opened at $501.00 on Wednesday. Mastercard has a one year low of $464.52 and a one year high of $601.77. The firm has a 50 day simple moving average of $499.39 and a 200-day simple moving average of $522.78. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $442.67 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the firm earned $3.73 earnings per share. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts anticipate that Mastercard will post 19.6 EPS for the current fiscal year.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.