Mastercard, Lockheed Martin, Microsoft, J.C. Penney Win New Stock Price Highs Feb. 7th

Mastercard Inc. (NYSE:MA): MasterCard Incorporated announced that its Board of Directors has increased the company’s quarterly cash dividend to 30c per share, an increase of 100% over the previous dividend level of 15c per share. The cash dividend will be paid on May 9 to holders of record of its Class A common stock and Class B common stock as of April 9. The shares closed at $392.91, up $1.6 or 0.41% on the day. They have traded in a 52-week range of $240.36 to $393.00.

Lockheed Martin Corp (NYSE:LMT): Lockheed Martin been competitively awarded one of five Operations Support Services Indefinite Delivery Indefinite Quantity contracts from the U.S. General Services Administration Federal Systems Integration and Management Center in support of the Department of Defense’s Joint Improvised Explosive Device Defeat Organization. The anticipated period of performance is two years with three optional one year periods and an estimated cost ceiling of $900M.  The shares closed at $86.63, up $1.38 or 1.62% on the day. They have traded in a 52-week range of $66.36 to $85.40.

Microsoft Corp. (NASDAQ:MSFT): A number of manufacturers, including Motorola Solutions (NYSE:MSI) and Panasonic (NYSE:PC) have introduced several “rugged” mobile devices that utilize Google’s (NASDAQ:GOOG) Android operating system over the last two years, according to Channelnomics. Most rugged devices – which include computers carried by UPS (NYSE:UPS) drivers, utility workers and emergency first-responders – used Microsoft’s Windows Mobile operating system for much of the last 15 years, but the software giant may have already lost the market due to neglect ,the publication said. The shares closed at $30.35, up $0.15 or 0.5% on the day. They have traded in a 52-week range of $23.65 to $30.40.

J.C. Penney Company (NYSE:JCP): Last week, Martha Stewart Living Omnimedia (NYSE:MSO) contended that a loophole in its contract with Macy’s (NYSE:M), which allows the home-goods company to sell any product from a Martha Stewart Living Store, will also let the company sell its products in J.C. Penney without a breach of contract, reported Reuters. The shares closed at $42.14, up $0.87 or 2.11% on the day. They have traded in a 52-week range of $23.44 to $42.29.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

More from The Cheat Sheet