Mastercard Inc (NYSE:MA) to pay $0.19 per share:
Mastercard Inc (NYSE:MA) is preparing to distribute $0.19 per share in quarterly cash dividends to shareholders. The dividend will be paid out to holders of the company’s Class A and Class B common stock. To qualify for the dividend, you must be a holder of the said Mastercard shares as of April 8, 2016. The actual dividend distribution will take place on May, 9, 2016.
Mastercard Inc (NYSE:MA)’s new quality dividend declaration comes after the company delivered a pleasant surprise in its 4Q2015 earning results. The company posted EPS of $0.79, beating the consensus estimate of $0.69 for the quarter. Net revenue of $2.52 billion for the quarter also increased 4% YoY.
Suncor Energy Inc. (USA) (NYSE:SU) to pay dividends despite loss surge:
Suncor Energy Inc. (USA) (NYSE:SU) will not deny its shareholders dividends despite the well-known headaches in the oil and gas industry. The company is preparing to distribute a quarterly dividend of $0.29 a share to holders of its common stock. However, only holders of the stock as of March 4, 2016 will qualify for the dividend.
Suncor has planned actual distribution of the dividend to take place on March 25, 2016.
As much as Suncor Energy Inc. (USA) (NYSE:SU) can be seen trying to impress investors with dividend distribution during these trying moments, the picture is increasingly becoming complicated for the company. Suncor just reported a C$2 billion ($1.45 billion) net loss for 4Q2015, which is a clearly an effect of the shrinking oil prices.
With the loss, Suncor has pulled its earlier capital spending plan and replaced it with a more dimmed one to hopefully enable it preserve cash. As such, instead of turning between C$6.7 and C$7.3 billion to capital spending in 2016, the company will now spend less on the same. The new capital spending plan for 2016 is between C$6 and $6.5 billion.
Crude prices have continued to trend lower, making it difficult for oil producers such as Suncor Energy Inc. (USA) (NYSE:SU) to achieve their performance targets.