27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Yesterday, Mastercard Inc (NYSE:MA) disclosed a dividend increase and a new share repurchase program.
The company raised its quarterly cash dividend per share by 16% to $0.66 from $0.57 earlier.
The dividend is payable on February 9, 2024, to shareholders of record as of January 9, 2024.
Also, the Board of Directors approved a new share repurchase program, authorizing it to repurchase up to $11 billion in stock.
The new program will be effective after the completion of the company's previously announced $9 billion program (December 2022).
As of December 1, 2023, MA had about $3.5 billion remaining under the current approved share repurchase program.
In October, MA reported Q3 FY23 net revenues of $6.53 billion, beating the consensus of $6.52 billion, and adjusted EPS rose 26% Y/Y to $3.39, exceeding the consensus of $3.21.
In Q3, Mastercard repurchased shares worth $1.9 billion and paid $538 million in dividends.
Also Read: Mastercard Partners With Feedzai To Tackle Crypto Fraud: Report
Price Action: MA shares are trading higher by 0.47% at $410.61 on the last check Wednesday.
Photo Via Company
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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