Mastercard Board of Directors Announces Quarterly Dividend and $8 Billion Share Repurchase Program
November 30 2021 - 4:05PM
Business Wire
Mastercard Incorporated (NYSE: MA) today announced that its
Board of Directors has declared a quarterly cash dividend of 49
cents per share, an 11 percent increase over the previous dividend
of 44 cents per share. The cash dividend will be paid on February
9, 2022 to holders of record of its Class A common stock and Class
B common stock as of January 7, 2022.
The Board of Directors also approved a new share repurchase
program, authorizing the company to repurchase up to $8 billion of
its Class A common stock.
The new share repurchase program will become effective at the
completion of the company’s previously announced $6 billion
program. The company has approximately $4.4 billion remaining under
the current program authorization.
About Mastercard (NYSE:MA) Mastercard is a global
technology company in the payments industry. Our mission is to
connect and power an inclusive, digital economy that benefits
everyone, everywhere by making transactions safe, simple, smart and
accessible. Using secure data and networks, partnerships and
passion, our innovations and solutions help individuals, financial
institutions, governments and businesses realize their greatest
potential. Our decency quotient, or DQ, drives our culture and
everything we do inside and outside of our company. With
connections across more than 210 countries and territories, we are
building a sustainable world that unlocks priceless possibilities
for all.
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: https://www.businesswire.com/news/home/20211130006018/en/
Mastercard Investor Relations Jud Staniar, 914-249-4565
investor.relations@mastercard.com
Mastercard Communications Seth Eisen, 914-249-3153
Seth.Eisen@mastercard.com
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