MasterCard Keeps Dividend Steady
MasterCard's Board of Directors has approved plans to keep the company's quarterly dividend steady at $0.60 per share of Class A and Class B common stock.
The payments company has paid this amount since May 2013, after doubling its payout from $0.30, and this latest dividend will be paid on Nov. 8 to shareholders of record as of Oct. 9.
On an annualized basis, MasterCard's quarterly payouts add to $2.40 per share. The company had a stock price of $671 as of the market's close Sept. 16, which means its current dividend has a 0.36% yield.
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