How to set the padding for CardView widget in Android L

CardView should handle this using the contentPadding attributes it comes with:

<android.support.v7.widget.CardView
    xmlns:card_view="http://schemas.android.com/apk/res-auto"
    android:id="@+id/card_view"
    android:layout_gravity="center"
    android:layout_width="match_parent"
    android:layout_height="200dp"
    card_view:cardCornerRadius="2dp"
    card_view:contentPaddingLeft="20dp"
    card_view:contentPaddingRight="@dimen/activity_horizontal_margin"
    card_view:contentPaddingTop="20dp"
    card_view:contentPaddingBottom="@dimen/activity_vertical_margin">

    <TextView
        android:id="@+id/info_text"
        android:layout_width="match_parent"
        android:layout_height="wrap_content"
        android:text="Hello World!"/>
</android.support.v7.widget.CardView>