Mastercard Board of Directors Announces Quarterly Dividend and $11 Billion Share Repurchase Program
December 05 2023 - 4:11PM
Business Wire
Mastercard Incorporated (NYSE: MA) today announced that its
Board of Directors has declared a quarterly cash dividend of 66
cents per share, a 16 percent increase over the previous dividend
of 57 cents per share. The cash dividend will be paid on February
9, 2024 to holders of record of its Class A common stock and Class
B common stock as of January 9, 2024.
The Board of Directors also approved a new share repurchase
program, authorizing the company to repurchase up to $11 billion of
its Class A common stock.
The new share repurchase program will become effective at the
completion of the company’s previously announced $9 billion program
(December 2022). As of December 1, 2023, the company had
approximately $3.5 billion remaining under the current approved
share repurchase program.
About Mastercard Incorporated (NYSE: MA),
www.mastercard.com
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. 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/20231205649394/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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