Mastercard Board of Directors Announces Increase in Quarterly Dividend and $4 Billion Share Repurchase Program
December 06 2016 - 4:03PM
Business Wire
Mastercard Incorporated (NYSE:MA) today announced that its Board
of Directors has increased the company’s quarterly cash dividend to
22 cents per share, a 16 percent increase over the previous
dividend of 19 cents per share. The cash dividend will be paid on
February 9, 2017 to holders of record of its Class A common stock
and Class B common stock as of January 9, 2017.
The Board of Directors also approved a new share repurchase
program, authorizing the company to repurchase up to $4 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 $1.3 billion
remaining under the current program authorization.
About Mastercard Incorporated
Mastercard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. We operate the world’s
fastest payments processing network, connecting 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
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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 the manner
and amount of purchases by Mastercard pursuant to its share
repurchase program dependent upon price and market conditions, as
well as 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161206006366/en/
Mastercard Investor RelationsJesal Meswani,
914-249-4565investor.relations@mastercard.comorMastercard
CommunicationsSeth
Eisen, 914-249-3153Seth.Eisen@mastercard.com
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