Mastercard Incorporated (NYSE: MA) announced its quarterly dividend on Monday, February 8, according to RTT News. Record investors on Friday, April 9, will receive a dividend of 0.44 per share from the credit provider on Friday, May 7. This represents an annual dividend of $ 1.76 and a yield of 0.48%. The ex-dividend date for these dividends is Thursday, April 8th.
Mastercard has increased its dividend payout 81.8% over the past three years and has increased its dividend annually over the past year. Mastercard’s dividend payout ratio is 21.8%, which indicates that its dividends are adequately covered by profits. Equity market analysts expect Mastercard to earn $ 8.15 per share next year, which means the company should still be able to cover its $ 1.76 annual dividend with an expected future payout ratio of 21 , 6%.
MA shares opened on Wednesday at $ 369.57. Mastercard has a 12-month low of $ 244.10 and a 12-month high of $ 389.50. The company has a market capitalization of $ 367.12 billion, a PE ratio of 55.41, a price-to-earnings ratio of 2.56, and a beta of 1.19. The stock has a 50-day moving average of $ 360.41 and a 200-day moving average of $ 340.38. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt to equity ratio of 2.15.
Mastercard (NYSE: MA) last released quarterly results on Thursday, January 28th. The credit provider reported earnings of $ 1.64 per share for the quarter, up $ 0.13 above the analyst consensus of $ 1.51. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The company’s revenue for the quarter was $ 4.12 billion, compared with an analyst estimate of $ 4.01 billion. During the same period last year, the company made earnings of $ 2.07 per share. The company’s quarterly revenue decreased by 6.7% compared to the same quarter last year. Equity analysts predict Mastercard will post 6.31 EPS for the current fiscal year.
In related news, insider Edward Grunde McLaughlin sold 13,248 shares of the firm in a deal on Friday, January 8th. The shares were sold at an average price of $ 350.73 for a total of $ 4,646,471.04. Following the sale, the insider now directly owns 38,447 shares of the company for $ 13,484,516.31. The deal was disclosed in legal filings with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In addition, insider Michael Frakkaro sold 2,748 shares of the firm in a deal on Monday, March 29th. The shares were sold at an average price of $ 364.24 for a total of $ 1,000,931.52. Following the completion of the sale, the insider now directly owns 9,014 shares of the company for $ 3,283,259.36. Disclosures about this sale can be found here. Insiders have sold 768,468 shares of the company for $ 254,295,843 in the past 90 days. Insiders own 3.79% of the company’s shares.
The hedge fund recently bought a new stake in Mastercard stock. OLD Mission Capital LLC acquired a new stake in Mastercard Incorporated (NYSE: MA) during the 3rd quarter, according to the latest SEC report. The fund acquired 702 shares of the loan provider for approximately $ 237,000. Institutional investors own 73.64% of the company’s shares.
Mastercard announced that its board of directors approved a share buyback program on Tuesday, December 8, which allows the company to buy back $ 6.00 billion in shares. This buyback authorization allows the credit provider to buy back up to 1.8% of its shares through open market purchases. Share buyback programs usually indicate that the company’s management believes that its shares are undervalued.
MA has been the subject of several analyst reports. Zacks Investment Research upgraded Mastercard’s rating from Sell to Hold and set a target price for the shares of $ 358.00 in its report on Tuesday, February 16. Morgan Stanley raised its price target for its Mastercard from $ 377 to $ 412 and gave the company an “edge” rating in a policy note on Monday 22 March. Bank of America upgraded Mastercard from Neutral to Buy and set a target price for the company at $ 400 in an analyst report on Wednesday, January 6th. Jefferies Financial Group upgraded Mastercard from Hold to Buy and raised its target price for the share from $ 315 to $ 415 in a report on Wednesday, Jan.13. Finally, on Wednesday January 27th, Sanford S. Bernstein began coverage of Mastercard in his research note. They gave the rating “outperform” and set a target price for the shares of $ 380. Four investment analysts gave the stock a Hold rating and twenty-seven a Buy rating. The stock currently has an average Buy rating and a consensus target price of $ 367.26.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and abroad. It facilitates the processing of payment transactions, including authorization, clearing and settlement, and provides related products and services.
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