MasterCard (MA) Raises Quarterly Dividend 15.8% to $0.22; Announces New $4B Stock Buyback Plan
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Mastercard Board of Directors Announces Increase in Quarterly Dividend and $4 Billion Share Repurchase Program
December 6, 2016 4:03 PM ESTPURCHASE, N.Y.--(BUSINESS WIRE)-- Mastercard Incorporated (NYSE: MA) today announced that its Board of Directors has increased the companys quarterly cash dividend to 22 cents per share, a 16 percent increase over the previous dividend of 19 cents per share. The cash dividend will be paid on February 9, 2017 to holders of record of its Class A common stock and Class B common stock as of January 9, 2017.
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.
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