Mastercard Inc (NYSE:MA) announced a quarterly dividend on Tuesday, December 3rd, RTT News reports. Stockholders of record on Thursday, January 9th will be paid a dividend of 0.40 per share by the credit services provider on Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 0.56%. This is a boost from Mastercard’s previous quarterly dividend of $0.33.
Mastercard stock traded up $0.62 during mid-day trading on Tuesday, reaching $287.09. 3,051,878 shares of the company’s stock traded hands, compared to its average volume of 3,481,937. Mastercard has a 12-month low of $171.89 and a 12-month high of $293.69. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. The stock has a 50 day moving average of $278.13 and a two-hundred day moving average of $271.88. The company has a market cap of $289.63 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 2.38 and a beta of 1.04.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. As a group, sell-side analysts forecast that Mastercard will post 7.69 earnings per share for the current year.
Several research analysts recently commented on MA shares. Moffett Nathanson set a $320.00 price target on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, September 18th. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Friday, September 13th. Royal Bank of Canada set a $315.00 target price on Mastercard and gave the stock a “buy” rating in a report on Wednesday, August 7th. Guggenheim set a $305.00 price target on Mastercard and gave the company a “buy” rating in a report on Friday, November 1st. Finally, ValuEngine lowered Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. …read more
Source:: Daily Times