Mastercard Raises Dividend; Board Authorizes $11 Billion Share-Repurchase Plan
06 December 2023 - 8:55AM
Dow Jones News
By Stephen Nakrosis
Mastercard said Tuesday its board has authorized an increase to
the company's quarterly cash dividend, and approved a new
stock-buyback plan of up to $11 billion.
The new dividend of 66 cents a share will be payable on Feb. 9,
2024, to shareholders of record on Jan. 9, 2024, the company said.
Mastercard last raised its dividend, to 57 cents, in December
2022.
The company said the new share-repurchase plan will become
effective at the completion of its previously announced $9 billion
program. As of Dec. 1, that program had about $3.5 billion
remaining.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 05, 2023 16:40 ET (21:40 GMT)
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