Mastercard announces $9 billion share repurchase program
Mastercard Incorporated (NYSE:MA) today announced that its Board of Directors has declared a quarterly cash dividend of 57 cents per share, a 16% increase over the previous dividend of 49 cents per share. The cash dividend will be paid on February 9, 2023 to holders of record of its Class A common stock and Class B common stock as of January 9, 2023.
The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $9 billion of its Class A common stock.
The new share repurchase program will become effective at the completion of the company’s previously announced $8 billion program (November 2021). As of December 1, 2022, the company had approximately $4.1 billion remaining under the current approved share repurchase program.