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Mastercard Beats Analyst Estimates for 2Q17, Net Income Rose 20%

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Part 5
Mastercard Beats Analyst Estimates for 2Q17, Net Income Rose 20% PART 5 OF 6

Mastercard’s Dividends to Increase in 2017

Rise in dividends

Mastercard (MA) is expected to declare dividends of $0.89 per share in 2017, reflecting a rise of ~17.1% from its total dividends declared in 2016. Since December 2016, the company has consistently declared quarterly dividends of $0.22 per share. 

In June 2017, Mastercard declared quarterly dividends of $0.22 per share, which are scheduled to be paid in August 2017.

Mastercard’s Dividends to Increase in 2017

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In 2Q17, Mastercard spent $931 million repurchasing ~8 million shares. During the same timeframe, the company paid dividends of $236 million. In 1H17, Mastercard distributed $474 million in the form of dividends. 

Discover Financial Services (DFS) is expected to declare dividends of $1.27 per share in 2017. In January and April 2017, Discover declared dividends of $0.30 per share. 

In July 2017, Discover declared dividends of $0.35 per share, which are scheduled to be paid in September 2017.

Payout ratios

Mastercard (MA) currently has a payout ratio of ~21.4%. Its peers in the consumer financial space (XLF) have the following payout ratios:

  • Visa (V): ~23.6%
  • Discover Financial Services (DFS): ~20.2%
  • American Express (AXP): ~22.6%
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