Mastercard Inc (NYSE:MA) announced a quarterly dividend on Wednesday, June 17th, Wall Street Journal reports. Investors of record on Thursday, July 9th will be paid a dividend of 0.40 per share by the credit services provider on Friday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, July 8th.
Mastercard has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mastercard to earn $8.41 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 19.0%.
NYSE MA opened at $305.57 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.30. Mastercard has a 12-month low of $199.99 and a 12-month high of $347.25. The company has a market capitalization of $303.55 billion, a PE ratio of 39.08, a price-to-earnings-growth ratio of 3.66 and a beta of 1.08. The firm’s 50 day moving average is $299.59 and its 200-day moving average is $291.22.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.10. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the company earned $1.78 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Mastercard will post 6.44 EPS for the current year.
In other news, Director Steven J. Freiberg sold 4,230 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $303.98, for a total value of $1,285,835.40. Following the completion of the transaction, the director now owns 5,376 shares of the company’s stock, valued at $1,634,196.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 206,010 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $302.80, for a total value of $62,379,828.00. Following the completion of the transaction, the insider now directly owns 110,826,524 shares of the company’s stock, valued at approximately $33,558,271,467.20. The disclosure for this sale can be found here. Insiders have sold 389,704 shares of company stock valued at $117,141,215 in the last ninety days. 3.79% of the stock is currently owned by company insiders.
MA has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of Mastercard from $349.00 to $332.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Oppenheimer downgraded shares of Mastercard from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 23rd. Citigroup boosted their target price on shares of Mastercard from $317.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $370.00 price objective on shares of Mastercard in a report on Thursday, June 25th. Finally, Nomura reiterated a “buy” rating and issued a $334.00 price objective on shares of Mastercard in a report on Thursday, April 30th. Five analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $326.85.
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.
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