MA with back to back 16% dividend increases
$MasterCard(MA)$ MA with back to back 16% dividend increases
Last 4 years dividend growth at 13% CAGR
If the company could maintain this pace of hikes, dividend per share would double in ~5 years
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MA FCF has not grown this year
but with current dividend payout at 21% and Net Income growing double digits (Eventually FCF not growing may be a just temporary)
the company is still able to reward shareholders with double digit dividend increase
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MA buybacks another shareholder return item
In FY23 so far $7.2 B
over 2% share reduction
nearly $38 B over the last 6 years
another $11 B in buybacks approved yesterday
with $3.5B still remaining from previous authorizations
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MA even with the share reduction, FCF/share has also not grown this year
But even with the current FCF/share (no FCF increase or share buybacks) Mastercard could do another 5 years of 16% dividend hikes and payout would be ~50%
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https://twitter.com/DividendWave/status/1732404143896003024
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- AuntieAaA·2023-12-07GOODLikeReport