Mastercard Unveils New $4 Billion Share Repurchase Plan
December 05 2017 - 12:13AM
Dow Jones News
By WSJ Staff
Mastercard Inc.'s (MA) board approved a new $4 billion share
repurchase plan, the company said Monday, which will become
effective after its previous buyback is finished.
In a news release, the global payments company said its previous
$4 billion stock buyback program has $1.5 billion remaining under
its current authorization.
In addition, Mastercard's board declared a quarterly cash
dividend of 25 cents a share, a 14% increase over its previous
dividend of 22 cents a share.
The dividend will be paid on Feb. 9 to shareholders of record of
its Class A common stock and Class B common stock as of Jan. 9.
(END) Dow Jones Newswires
December 04, 2017 23:58 ET (04:58 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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