5 High Growth Dividend Paying Stocks to Buy

2. Mastercard Incorporated (NYSE:MA)

EPS Next 5 Year Ratio: 20.34%

Dividend Yield as of 2/19: 0.63%

Mastercard Incorporated (NYSE:MA) is a leading payments operator with a dividend yield of 0.63% as of 2/19. Despite higher inflation, the company has done relatively well in terms of its financial results.

For the fourth quarter, Mastercard Incorporated (NYSE:MA)’s net sales rose 12% year over year to $5.8 billion and its fourth quarter gross dollar volume rose 8% year over year. Four quarter adjusted net income was $2.5 billion and adjusted diluted EPS was $2.65.

For full year 2022, the company’s gross dollar volume rose 12% year over year, adjusted net revenue rose 18% year over year to $22.2 billion and adjusted diluted EPS rose 27% year over year to $10.65. For full year 2022, Mastercard Incorporated (NYSE:MA) also repurchased 25.7 million shares at a cost of $8.8 billion and the company also paid $1.9 billion in dividends. Mastercard Incorporated (NYSE:MA) has a EPS next 5 year ratio of 20.34%.

Like Visa Inc. (NYSE:V), Mastercard Incorporated (NYSE:MA) could be affected by the CFPB proposal to curb excessive credit card late fees to $8 if passed although the exact effect on the company’s growth is uncertain.