Mastercard Board of Directors Announces Increase in Quarterly Dividend and $6.5 Billion Share Repurchase Program
PURCHASE, N.Y.--(BUSINESS WIRE)--Dec 4, 2018--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 Incorporated Mastercard (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 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/
CONTACT: Mastercard Investor Relations
Gina Accordino, 914-249-4565
Julia Monti, 914-249-6135
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Mastercard Investor Relations
Copyright Business Wire 2018.
PUB: 12/04/2018 03:08 PM/DISC: 12/04/2018 03:08 PM