Mastercard Incorporated (NYSE:MA) Shareholders Set to Receive $0.87 Quarterly Dividend

Mastercard Incorporated (NYSE:MA) declared a quarterly dividend on Tuesday, September 29th. Investors 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 dividend on an annualized basis and a 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%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% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

MA stock opened at $563.80 on Wednesday. The stock has a 50-day moving average price of $570.49 and a two-hundred day moving average price of $527.60. The stock has a market cap of $493.90 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 1.62 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard has a 1 year low of $464.52 and a 1 year high of $601.23.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. KeyCorp lifted their target price on Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Morgan Stanley lifted their price objective on shares of Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $655.00 to $720.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Clear Str raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Mastercard from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $680.00.

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.