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

Mastercard Incorporated (NYSE:MA) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Thursday, April 9th will be paid a dividend of 0.87 per share by the credit services provider on Friday, May 8th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, April 9th.

Mastercard has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Mastercard has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Mastercard to earn $18.61 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 18.7%.

Mastercard Trading Down 0.1%

Shares of NYSE:MA traded down $0.39 during trading on Wednesday, reaching $540.00. 2,276,534 shares of the company traded hands, compared to its average volume of 4,231,068. The company has a current ratio of 1.03, a quick ratio of 1.12 and a debt-to-equity ratio of 2.36. Mastercard has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market capitalization of $484.92 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 1.73 and a beta of 0.83. The business’s fifty day moving average is $555.00 and its 200-day moving average is $563.93.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.82 EPS. As a group, analysts forecast that Mastercard will post 15.91 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MA. Wells Fargo & Company raised their target price on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Daiwa Securities Group set a $610.00 price objective on Mastercard and gave the stock an “outperform” rating in a report on Monday, February 2nd. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Morgan Stanley upped their target price on Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, TD Cowen lifted their price target on shares of Mastercard from $668.00 to $671.00 and gave the company a “buy” rating in a report on Friday, January 30th. Six analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus target price of $669.27.

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.