Mastercard (MA) Dividend History & Yield
Dividend ContenderMastercard (MA) has increased its dividend for 15 consecutive years and currently yields 0.65%. The most recent dividend was $0.8700/share on May 8, 2026, paid Quarterly.
Current Yield
0.65%
TTM Dividend/Share
$3.26
Payment Frequency
Quarterly
Payout Ratio
18.9%
Consecutive Growth Years
15 (Dividend Contender)
Div Growth (1Y CAGR)
15.15%
Div Growth (5Y CAGR)
13.70%
Div Growth (10Y CAGR)
16.86%
MA: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
14.4%
FCF payout ratio
4.4%
Net debt / EBITDA
0.5x
Interest coverage
27.81x
ROIC (TTM)
60.9%
Dividend Safety Score
8 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 18.9%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($18.85) covers dividend/share ($3.26).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
15 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 4.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.5x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (13.7%) ≤ EPS growth (16.8%) — sustainable.
Per-payment dividend history
Ex-date Apr 9, 2026
- Payment date
- May 8, 2026
- Dividend
- $0.8700
- Adj. dividend
- $0.8700
Ex-date Jan 9, 2026
- Payment date
- Feb 9, 2026
- Dividend
- $0.8700
- Adj. dividend
- $0.8700
Ex-date Oct 9, 2025
- Payment date
- Nov 7, 2025
- Dividend
- $0.7600
- Adj. dividend
- $0.7600
Ex-date Jul 9, 2025
- Payment date
- Aug 8, 2025
- Dividend
- $0.7600
- Adj. dividend
- $0.7600
Ex-date Apr 9, 2025
- Payment date
- May 9, 2025
- Dividend
- $0.7600
- Adj. dividend
- $0.7600
Ex-date Jan 10, 2025
- Payment date
- Feb 7, 2025
- Dividend
- $0.7600
- Adj. dividend
- $0.7600
Ex-date Oct 9, 2024
- Payment date
- Nov 8, 2024
- Dividend
- $0.6600
- Adj. dividend
- $0.6600
Ex-date Jul 9, 2024
- Payment date
- Aug 9, 2024
- Dividend
- $0.6600
- Adj. dividend
- $0.6600
Ex-date Apr 8, 2024
- Payment date
- May 9, 2024
- Dividend
- $0.6600
- Adj. dividend
- $0.6600
Ex-date Jan 8, 2024
- Payment date
- Feb 9, 2024
- Dividend
- $0.6600
- Adj. dividend
- $0.6600
Ex-date Oct 5, 2023
- Payment date
- Nov 9, 2023
- Dividend
- $0.5700
- Adj. dividend
- $0.5700
Ex-date Jul 6, 2023
- Payment date
- Aug 9, 2023
- Dividend
- $0.5700
- Adj. dividend
- $0.5700
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Apr 9, 2026 | May 8, 2026 | $0.8700 | $0.8700 |
| Jan 9, 2026 | Feb 9, 2026 | $0.8700 | $0.8700 |
| Oct 9, 2025 | Nov 7, 2025 | $0.7600 | $0.7600 |
| Jul 9, 2025 | Aug 8, 2025 | $0.7600 | $0.7600 |
| Apr 9, 2025 | May 9, 2025 | $0.7600 | $0.7600 |
| Jan 10, 2025 | Feb 7, 2025 | $0.7600 | $0.7600 |
| Oct 9, 2024 | Nov 8, 2024 | $0.6600 | $0.6600 |
| Jul 9, 2024 | Aug 9, 2024 | $0.6600 | $0.6600 |
| Apr 8, 2024 | May 9, 2024 | $0.6600 | $0.6600 |
| Jan 8, 2024 | Feb 9, 2024 | $0.6600 | $0.6600 |
| Oct 5, 2023 | Nov 9, 2023 | $0.5700 | $0.5700 |
| Jul 6, 2023 | Aug 9, 2023 | $0.5700 | $0.5700 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Mastercard has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 15 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.0400 | — | — |
| 2025 | $2.6400 | $3.0400 | +15.2% |
| 2024 | $2.2800 | $2.6400 | +15.8% |
| 2023 | $1.9600 | $2.2800 | +16.3% |
| 2022 | $1.7600 | $1.9600 | +11.4% |
| 2021 | $1.6000 | $1.7600 | +10.0% |
| 2020 | $1.3200 | $1.6000 | +21.2% |
| 2019 | $1.0000 | $1.3200 | +32.0% |
| 2018 | $0.8800 | $1.0000 | +13.6% |
| 2017 | $0.7600 | $0.8800 | +15.8% |
| 2016 | $0.6400 | $0.7600 | +18.8% |
| 2015 | $0.4400 | $0.6400 | +45.5% |
| 2014 | $0.2100 | $0.4400 | +109.5% |
| 2013 | $0.1050 | $0.2100 | +100.0% |
| 2012 | $0.0600 | $0.1050 | +75.0% |
| 2011 | $0.0600 | $0.0600 | 0.0% |
| 2010 | $0.0600 | $0.0600 | 0.0% |
| 2009 | $0.0600 | $0.0600 | 0.0% |
| 2008 | $0.0540 | $0.0600 | +11.1% |
| 2007 | — | $0.0540 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Mastercard (MA) from the consolidated cash flow statement, in USD as filed.
Latest period
$2.84B
YoY change
+12.6%
5Y CAGR
+11.4%
Peak year (2025)
$2.76B
Latest annual
$2.76B
Cash dividends paid over time for Mastercard (MA)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Mastercard (MA)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.76B | +12.6% | +$308.00M | ||
| 2024 | $2.45B | +13.4% | +$290.00M | ||
| 2023 | $2.16B | +13.4% | +$255.00M | ||
| 2022 | $1.90B | +9.3% | +$162.00M | ||
| 2021 | $1.74B | +8.5% | +$136.00M | ||
| 2020 | $1.60B | +19.3% | +$260.00M | ||
| 2019 | $1.34B | +28.8% | +$301.00M | ||
| 2018 | $1.04B | +10.8% | +$102.00M | ||
| 2017 | $942.00M | +12.5% | +$105.00M | ||
| 2016 | $837.00M | +15.1% | +$110.00M | ||
| 2015 | $727.00M | +41.2% | +$212.00M | ||
| 2014 | $515.00M | +102.0% | +$260.00M | ||
| 2013 | $255.00M | +93.2% | +$123.00M | ||
| 2012 | $132.00M | +71.4% | +$55.00M | ||
| 2011 | $77.00M | -2.5% | -$2.00M | ||
| 2010 | $79.00M | +0.4% | +$315,000 | ||
| 2009 | $78.69M | -0.7% | -$574,000 | ||
| 2008 | $79.26M | +7.1% | +$5.26M | ||
| 2007 | $74.00M | +498.1% | +$61.63M | ||
| 2006 | $12.37M | — | +$12.37M | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | — |
2025's annual dividends paid for Mastercard (MA) came in at $2.76B – grew 12.6% year-over-year.
Across 2020–2025 (5 years), Mastercard dividends paid produced a CAGR of +11.4% – sustaining 14 straight years of year-over-year growth.
$2.76B stands as the all-time-high annual dividends paid, posted in 2025, against a low of $0 during 2001.
Among 8 Financial Services peers, Mastercard (MA) ranks 7th; the peer median for dividends paid is $5.36B.
Mastercard Dividends Paid 2025: $2.76B
Mastercard dividends paid in 2025 was $2.76B, grew 12.6% from 2024. This figure represents the highest annual value in the available history.
Mastercard Dividends Paid 2024: $2.45B
Mastercard dividends paid in 2024 was $2.45B, grew 13.4% from 2023.
Mastercard Dividends Paid 2023: $2.16B
Mastercard dividends paid in 2023 was $2.16B, grew 13.4% from 2022.
Mastercard Dividends Paid 2022: $1.90B
Mastercard dividends paid in 2022 was $1.90B, grew 9.3% from 2021.
Mastercard Dividends Paid 2021: $1.74B
Mastercard dividends paid in 2021 was $1.74B.
See more financial history for Mastercard (MA).
Sector peers by dividends paid
Companies in the same sector as Mastercard, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| American Express (AXP) | $2.27B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does Mastercard pay dividends?
Yes, Mastercard (MA) pays quarterly dividends of approximately $3.26 per share annually, yielding 0.65%.
What is Mastercard's dividend yield?
Mastercard (MA) has a current dividend yield of 0.65%.
Is Mastercard's dividend safe?
Mastercard (MA) passes 8 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Mastercard increased its dividend?
Mastercard (MA) has 15 consecutive years of dividend increases.
What is Mastercard's dividend payout ratio?
Mastercard (MA) has a dividend payout ratio of 18.9%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Mastercard's dividends paid?
Latest reported dividends paid for Mastercard (MA) is $2.84B (period ending March 31, 2026).
How has Mastercard dividends paid changed year-over-year?
Mastercard (MA) dividends paid changed +12.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Mastercard dividends paid?
Mastercard (MA) dividends paid compound annual growth rate is +11.4% over the most recent 5 years available.
When did Mastercard dividends paid hit its highest annual value?
Mastercard dividends paid reached its highest annual value of $2.76B in 2025.
What was Mastercard dividends paid in 2024?
Mastercard (MA) dividends paid in 2024 was $2.45B.
What was Mastercard dividends paid in 2025?
Mastercard (MA) dividends paid in 2025 was $2.76B.
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