MasterCard (MA) Raises Quarterly Dividend 15.8% to $0.22; Announces New $4B Stock Buyback Plan
MasterCard (NYSE: MA) declared a quarterly dividend of $0.22 per share, or $0.88 annualized. This is a 15.8% increase from the prior dividend of $0.19.
The dividend will be payable on February 9, 2017, to stockholders of record on January 9, 2017, with an ex-dividend date of January 5, 2017.
The annual yield on the dividend is 0.9 percent.
The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $4 billion of its Class A common stock.
The new share repurchase program will become effective at the completion of the company’s previously announced $4 billion share repurchase program. The company has approximately $1.3 billion remaining under the current program authorization.
For a dividend history and other dividend-related data on MasterCard (MA) click here.
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