Tags: mastercard | repurchase | shares | stock

Mastercard to Repurchase Up to $4 Billion of Its Shares

Mastercard to Repurchase Up to $4 Billion of Its Shares
(DreamsTime)

Tuesday, 05 December 2017 10:30 AM

Payment processor Mastercard said it would buy back up to $4 billion of its class A shares.

The new share repurchase program will be effective at the completion of the company’s previously announced $4 billion share repurchase program, Mastercard said.

Under the previously announced buyback, the company has about $1.5 billion remaining, the statement added.

The company said it also increased its quarterly cash dividend to 25 cents per share, a 14 percent increase over the previous dividend of 22 cents a share.

Mastercard had 1.04 billion class A shares and 15.1 million class B shares as of Oct. 26.

© 2018 Thomson/Reuters. All rights reserved.

   
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Payment processor Mastercard said it would buy back up to $4 billion of its class A shares.
mastercard, repurchase, shares, stock
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2017-30-05
Tuesday, 05 December 2017 10:30 AM
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