Re-Bought MA: 5 shares @ $833.428

31 Dec

My last trade of 2013 is re-buying Mastercard funded solely on margin in my cash account.

MA:  5 shares @ $833.428 = $4167.14 (Commission were only 5 cents from Virtual Brokers)

Mastercard will be splitting their shares 10 for 1 on January 9, 2014 and raising their dividends by 83% from 60 cent to $1.10.

Currently, I have 30 shares of MA in total after my new purchase.  For every share I have, I will get additional 9 shares which will total 270 300 shares.  If the dividend is paid out after the stock split that will mean I will get $297.00 per quarter in dividends.  Am I correct??  I will wait and see!

Looks like dividend will go from $1.10 to 11 cents after the stock split as pointed out by Maureen.  Wishful thinking on my part for receiving so much per quarter.

I am excited to see how my Mastercard will play out in 2014.

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4 Responses to “Re-Bought MA: 5 shares @ $833.428”

  1. Maureen Duval December 31, 2013 at 2.33 #

    You will own 300 shares after the split. The dividend will be 0.11/share post-split. You receive $33.00 dividend per quarter.

    • agentfang December 31, 2013 at 2.33 #

      Yes that makes sense! I was getting my hopes up on the dividends… Too bad.

  2. Maureen Duval December 31, 2013 at 2.33 #

    You will own 300 shares after the split. The dividend will be 0.11/share post-split. You will receive a dividend of $33.00 per quarter. Sorry for the typos in my previous email. Good luck and Happy New Year, Maureen

    • agentfang December 31, 2013 at 2.33 #

      Thanks for letting me know Maureen! Happy new year to you too.. Hope stocks will continue to soar in the upcoming year as well.

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