MasterCard's Board of Directors Announces $1.5 Billion Class A Share Repurchase Program

MasterCard Incorporated

today announced that its Board of Directors has declared a cash dividend of $0.30 per share payable on August 9, 2012 to holders of record of its Class A common stock and Class B common stock as of July 9, 2012. The Board of Directors also approved a new share repurchase program authorizing the Company to repurchase up to $1.5 billion of its Class A common stock. The new $1.5 billion share repurchase program will become effective at the completion of the Company's previously announced $2 billion Class A share repurchase program. As of May 31, 2012, the Company had approximately $270 million remaining under the current $2 billion share repurchase program authorization.