Mastercard As of January 22, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
MA $1.76 0.0% 10.0% 21.2%
Business yield Hike yrs 5 yr CAGR freq. paid since
Payment Solutions 0.5% 8 18.3% Quarter 2006
Mastercard's dividend hike in 2020 is the smallest in nine years © DIVIDENDHIKE.COM
Mastercard's dividend hike in 2020 is the smallest in nine years © DIVIDENDHIKE.COM

Mastercard Inc. (MA) will raise its quarterly dividend by 10.0 percent to 44 cents per share next year. This follows a dividend hike of 21.2 percent to $0.40 per share announced last year for the first quarter of 2020. This will mark the 8th consecutive year of dividend increases by the payments company.

The next cash dividend will be paid on February 9, 2021 to holders of record of its Class A common stock and Class B common stock as of January 8, 2021. The new annualized dividend of $1.76 per share yields 0.5% at a stock price of $327 for Mastercard.

In the press release dated December 8, 2020, Mastercard also announced that The Board of Directors approved a new share repurchase program, authorizing the company to repurchase up to $6 billion of its Class A common stock. The new share repurchase program will become effective at the completion of the company’s previously announced $8 billion program. The company has approximately $3.8 billion remaining under the current program authorization.

Mastercard will now pay an annual dividend of $1.76 billion to its shareholders. This year's dividend hike just announced is the smallest by the company since it began raising its dividend annually nine years ago. Even with this smaller 2020 dividend hike included the average annual dividend growth rate still is 18.3 percent based on the last five years.

Mastercard 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.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Jan 27 FRC 0.5% 0.0%
Jan 28 CAG 3.2% 0.0%
Jan 28 AOS 1.8% 0.0%
Jan 28 MS 1.9% 0.0%
Jan 28 PFE 4.3% 0.0%
Jan 28 AES 2.2% 0.0%
Jan 28 LNT 3.3% 5.9%
Jan 28 INFO 0.9% 17.6%
Jan 28 SLG 5.8% 0.0%
Jan 28 LEN 1.2% 0.0%