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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