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The world's No. 2 credit and debit card company also announced a 10-for-1 stock split and implemented a fresh $3.5 billion stock buyback program.
The stock split will make MasterCard shares more affordable for the average investor, while the dividend increase and share repurchase make shares more attractive to yield- and value-hungry investors.
MasterCard wasn't the only company rewarding investors. Following are 19 other notable dividend increases for the week ending Dec. 13.
Dividend-Paying Stocks That Just Hiked Their Payouts
Aetna Inc. (NYSE: AET) raised its quarterly dividend 12.5% to $0.22 a share, up from $0.20 for a 1.38% yield.