Mastercard Declares Third Quarter Dividend
Mastercard (NYSE: MA) declared a cash dividend of $0.40 per share for the third quarter, maintaining the same payout it has had for the previous three quarters.
The payment-processing company has an annual payout of $1.60 per share at a yield of just 0.49%. It has a payout ratio of about 24%. Mastercard has increased its dividend annually for the past nine straight years. Over the past five years it has a compound annual growth rate of roughly 24%.
The cash dividend will be paid out to shareholders on Nov. 9.
Source Fool.com
