Mastercard Board of Directors Announces Quarterly Dividend and $8 Billion Share Repurchase Program
December 03 2019 - 4:43PM
Business Wire
Mastercard Incorporated (NYSE: MA) today announced that its
Board of Directors has declared a quarterly cash dividend of 40
cents per share, a 21 percent increase over the previous dividend
of 33 cents per share. The cash dividend will be paid on February
7, 2020 to holders of record of its Class A common stock and Class
B common stock as of January 9, 2020.
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 $6.5 billion
program. The company has approximately $300 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20191203006043/en/
Mastercard Investor Relations Gina Accordino,
914-249-4565 investor.relations@mastercard.com Mastercard
Communications Seth Eisen, 914-249-3153
Seth.Eisen@mastercard.com
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