Mastercard Incorporated 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 Incorporated
Mastercard
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,
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Forward Looking Statements
Statements 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/
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