Mastercard Sets $8 Billion Share Buyback, Raises Dividend
December 03 2019 - 5:21PM
Dow Jones News
By Stephen Nakrosis
Mastercard Inc. (MA) on Tuesday said its board has authorized a
new $8 billion share repurchase program for its Class A common
stock.
The company also said it had raised its quarterly dividend by
21%, to 40 cents.
Mastercard said the new share repurchase plan would be effective
when the company's current $6.5 billion repurchase program
concludes. The current program has $200 million remaining under its
authorization, the company said.
The company has a market cap of $294.7 billion, 1 billion shares
outstanding and a public float of 884.51 million. Shares ended
Tuesday's trading with a 0.22% gain, to close at $287.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 03, 2019 17:06 ET (22:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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