MasterCard (MA) Raises Quarterly Dividend 21.2% to $0.40; Approves $8 Billion Buyback

MasterCard (NYSE: MA) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 21.2% increase from the prior dividend of $0.33.

The dividend will be payable on February 7, 2020, to stockholders of record on January 9, 2020, with an ex-dividend date of January 8, 2020.

The annual yield on the dividend is 0.6 percent.

The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $8 billion of its Class A common stock.

The new share repurchase program will become effective at the completion of the company’s previously announced $6.5 billion program. The company has approximately $300 million remaining under the current program authorization.

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

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