Mastercard (NYSE:MA) has increased its dividend by 14%, reflecting a pattern as of late of Mastercard making similar moves around this time of year.

This year, the board announced that its quarterly dividend would be $0.25 a share, which is up 13.6% from $0.22. The stock currently yields 0.6% and has gained 1% to $144.91.

There is still plenty of room for the company to further increase its dividend in future years, as its payout ratio last year was only at 20.1%.

Featured Image: Depositphotos/© jbk-photography

Author Samara Malkin

About the author: Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing. She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.