Mastercard is a key player in the global payment facilitation industry, focusing on payment network growth and value-added services. Mastercard's shareholder rewards include reliable dividends with robust growth and significant share repurchases supported by strong cash-generation capabilities. The company is substantially more pricey than its close competitor - Visa; however, MA has consequentially delivered stronger revenue growth in recent quarters.
It's hardly a sleeper business, after all. In terms of valuations, it's relatively pricey to own.
Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. Most of the employees who will be affected by the move will be notified by the end of the current quarter, Reuters reported Friday (Aug. 16), citing a Mastercard spokesperson.
Payments processor Mastercard is reducing its global headcount by 3% as part of a reorganization it unveiled earlier this year to sharpen its focus on core businesses, a spokesperson said on Friday.
Mastercard has launched a crypto-to-fiat card with Web3/blockchain platform MetaMask and cryptocurrency payments firm Baanx. The MetaMask Card, announced Wednesday (Aug. 14), lets MetaMask wallet customers use crypto for everyday purchases in fiat currency wherever Mastercard is accepted.
Mastercard is upgrading its open banking for lending program, powered by employment/income verifier Argyle. The new features, announced Tuesday (Aug. 13), lets Mastercard offer income and employment coverage to the estimated 95% of the U.S. workforce who are paid through direct deposit.
Mastercard's stock (NYSE: MA) is up approximately 8% YTD as compared to the 12% rise in the S&P500 index over the same period. In sharp contrast, Mastercard's peer Visa (NYSE: V) has given near zero return YTD.
Mastercard has a below-average 0.6% dividend yield. Despite the low yield, Mastercard has an excellent track record of annual dividend increases.
Investing wisely requires understanding a company's fundamentals, ensuring a sound foundation for potential growth. This August, three stocks stand out in the consumer discretionary, technology and financial services sectors, each poised for significant gains.
Mastercard (MA), being a highly profitable company, keeps boosting its shareholder value, reflecting operating strength.
Betting on dividend stocks, especially in the long run, can strengthen your portfolio. To begin, dividend-paying companies offer stable returns, ensuring sustainable cash flow even in volatile markets.
MasterCard (MA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.