Published on 1 Dec 2021 on Zacks via Yahoo Finance
The board of directors at Mastercard Incorporated MA recently approved a hike of 11% in the quarterly cash dividend aimed at boosting shareholder value. The hike takes the latest payout to 49 cents per share compared with the prior payout of 44 cents.
Denoting the eighth consecutive year of dividend increase, the meatier dividend will be paid on Feb 9, 2022 to shareholders of record as on Jan 7, 2022. Prior to the recent 11% hike, Mastercard had upped its quarterly dividend by 10% in December 2020.
MA has been a regular dividend paying company since 2006. This Zacks Rank #3 (Hold) leading technology company in the global payments space has grown its dividend at a eight-year CAGR of 20.5%. Based on the stock’s Nov 30 closing price of $314.92, the new dividend will yield 0.6% to the company.