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.
The article MasterCard Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool recommends MasterCard. The Motley Fool owns shares of MasterCard. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.