MasterCard (MA) will raise its quarterly dividend by 18.8 percent to $0.19 per share in the first quarter of 2016. This follows a 45.5 percent dividend hike by the credit card company last year.

Mastercard Incorporated is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks. The company provides a wide variety of integrated products and services that support payment products that customers can offer to their account holders. The company's brands include MasterCard, Maestro and Cirrus. Mastercard has paid a dividend every year since 2006.