Mastercard Board of Directors Announces Increase in Quarterly Dividend and $6.5 Billion Share Repurchase Program
05 December 2018 - 7:08AM
Business Wire
Mastercard Incorporated (NYSE:MA) today announced that its Board
of Directors has increased the company’s quarterly cash dividend to
33 cents per share, a 32 percent increase over the previous
dividend of 25 cents per share. The cash dividend will be paid on
February 8, 2019 to holders of record of its Class A common stock
and Class B common stock as of January 9, 2019.
The Board of Directors also approved a new share repurchase
program, authorizing the company to repurchase up to $6.5
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 $470 million remaining under the current program
authorization.
About Mastercard IncorporatedMastercard (NYSE:MA),
www.mastercard.com, is a technology company in the global payments
industry. Our global payments processing network connects
consumers, financial institutions, merchants, governments and
businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday
commerce activities - such as shopping, traveling, running a
business and managing finances - easier, more secure and more
efficient for everyone. Follow us on Twitter @MastercardNews,
join the discussion on the Beyond the Transaction Blog and
subscribe for the latest news on the Engagement Bureau.
Forward Looking StatementsStatements in this press
release which are not historical facts are forward-looking and
subject to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “believe”, “expect”, “could”, “may”, “would”, “will”, “trend”
and similar words are intended to identify forward-looking
statements. Examples of forward-looking statements include, but are
not limited to, statements relating to Mastercard’s future
prospects, developments and business strategies. Forward-looking
statements speak only as of the date they are made, and the company
undertakes no duty to update any forward-looking statements made in
this press release or to conform such statements to actual results
or changes in the company’s expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181204006014/en/
Mastercard Investor RelationsGina Accordino,
914-249-4565investor.relations@mastercard.com
Mastercard CommunicationsJulia
Monti, 914-249-6135Julia.Monti@mastercard.com
MasterCard (NYSE:MA)
Historical Stock Chart
From Apr 2024 to May 2024
MasterCard (NYSE:MA)
Historical Stock Chart
From May 2023 to May 2024