Mastercard Incorporated (MA) Dividend History
Income profile from 2006 to 2026 with payout safety and yield-on-cost trend
3-Second Income Check
Safety
18.4% payout ratio with sustainable safety profile.
Consistency
14 straight years of dividend increases.
Income Trend
Yield on cost is 0.9% and trend is rising.
Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (21 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Mastercard Incorporated distributes 18.4% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 16.1%, rated "Well Covered".
Piotroski F-Score: 9/9 — strong financial health.
Growth Track Record
MA has raised its dividend for 14 consecutive years, with a 3-year CAGR of 15.8% and 5-year CAGR of 13.7%.
Total Shareholder Returns
Beyond cash dividends, MA returns capital through share repurchases. The combined picture: 0.6% dividend yield, 2.6% buyback yield, 3.2% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 0.9% and is currently rising. The 5-year total return is 45.9%, with dividends contributing 3.3% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $61,566 today.
Recent Dividend Payments
Last 20 payments · Semi-Annual
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Apr 9, 2026Latest | $0.8700 | — | 63.03% | May 8, 2026 |
| Jan 9, 2026 | $0.8700 | ↑ +14.5% | 54.73% | Feb 9, 2026 |
| Oct 9, 2025 | $0.7600 | — | 53.85% | Nov 7, 2025 |
| Jul 9, 2025 | $0.7600 | — | 52.03% | Aug 8, 2025 |
| Apr 9, 2025 | $0.7600 | — | 55.10% | May 9, 2025 |
| Jan 10, 2025 | $0.7600 | ↑ +15.2% | 54.29% | Feb 7, 2025 |
| Oct 9, 2024 | $0.6600 | — | 52.81% | Nov 8, 2024 |
| Jul 9, 2024 | $0.6600 | — | 57.34% | Aug 9, 2024 |
Dividend Peer Comparison
Peer group: Payment Networks and Merchant Acquiring
Annual Dividend History
26 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.74 | — | 2 | — | — | — | 0.5% |
| 2025 | $3.04 | 15.2% | 4 | $16.52 | 18.4% | 5.43x | 0.9% |
| 2024 | $2.64 | 15.8% | 4 | $13.89 | 19.0% | 5.26x | 0.8% |
| 2023 | $2.28 | 16.3% | 4 | $11.83 | 19.3% | 5.19x | 0.6% |
| 2022 | $1.96 | 11.4% | 4 | $10.23 | 19.2% | 5.22x | 0.6% |
| 2021 | $1.76 | 10.0% | 4 | $8.76 | 20.1% | 4.98x | 0.5% |
| 2020 | $1.60 | 21.2% | 4 | $6.37 | 25.1% | 3.98x | 0.5% |
| 2019 | $1.32 | 32.0% | 4 | $7.94 | 16.6% | 6.02x | 0.4% |
| 2018 | $1.00 | 13.6% | 4 | $5.60 | 17.9% | 5.60x | 0.3% |
| 2017 | $0.88 | 15.8% | 4 | $3.65 | 24.1% | 4.15x | 0.3% |
See MA's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonFrequently Asked Questions
How much dividend does MA pay per share?
Mastercard Incorporated (MA) pays a trailing 12-month dividend of $3.07 per share, with a current dividend yield of +0.6%. Payments are made Semi-Annual.
When is MA's next ex-dividend date?
MA's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MA typically pays dividends Semi-Annual.
Is MA's dividend safe?
MA's dividend safety is rated "Sustainable" based on an earnings payout ratio of +18.4% and FCF payout ratio of +16.1%. With 14 consecutive years of dividend growth, the track record supports sustainability.
Is MA a Dividend Achiever?
Yes, Mastercard Incorporated is classified as a Dividend Achiever with 14 consecutive years of dividend increases. The 5-year dividend CAGR is +13.7%, demonstrating above-inflation dividend growth.
How often does MA pay dividends?
Mastercard Incorporated pays dividends Semi-Annual. The trailing 12-month total is $3.07 per share. Dividend data on this page covers 20+ years from 2006 to 2026.
How much would $10,000 invested in MA grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MA five years ago would be worth approximately $14,586 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MA's yield on cost for long-term holders?
MA's yield on cost — the current dividend divided by the original purchase price — is +0.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +0.6% market yield, thanks to consistent dividend growth.