MasterCard (MA) Raises Quarterly Dividend 45.5% to $0.16; Approves $3.75B Buyback

MasterCard (NYSE: MA) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is a 45.5% increase from the prior dividend of $0.11.

The dividend will be payable on February 9, 2015, to stockholders of record on January 9, 2015, with an ex-dividend date of January 7, 2015.

The annual yield on the dividend is 0.7 percent.

The Board of Directors also approved a new share repurchase program authorizing the company to repurchase up to $3.75 billion of its Class A common stock.

The new share repurchase program will become effective at the completion of the company’s previously announced $3.5 billion share repurchase program. As of December 1, 2014, the company had approximately $275 million remaining under the current program authorization.

“Today’s dividend and share repurchase program announcement comes as a result of our continued, strong financial performance,” said Ajay Banga, president and CEO, MasterCard. “We remain committed to delivering value to our shareholders, while investing in the growth of our business.”

For a dividend history and other dividend-related data on MasterCard (MA) click here.

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