On November 30, 2021, Mastercard Inc. (MA) announced that it will raise its quarterly dividend by 11.4 percent to 49 cents per share. This marks 9 consecutive years of dividend growth for MA and follows a dividend hike of 10.0% by MA in 2020.
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.