Mastercard Board Announces Quarterly Dividend and $12 Billion Share Repurchase Program
Mastercard Incorporated (NYSE: MA) has some exciting news for its shareholders! The Board of Directors has decided to increase the quarterly cash dividend to 76 cents per share, a 15% boost from the previous 66 cents per share. This dividend will be paid on February 7, 2025, to all holders of record of Class A and Class B common stock as of January 9, 2025.
But that’s not all – the Board of Directors has also given the green light for a new share repurchase program. This program allows the company to buy back up to $12 billion of its Class A common stock. This new program will kick in once the current $11 billion program, announced in December 2023, is completed. As of December 13, 2024, the company still had $3.9 billion left in the current repurchase program.
For those who may not be familiar, Mastercard is a global leader in powering economies and empowering people across more than 200 countries and territories. Their mission is to create a sustainable economy where everyone can thrive. Through a variety of secure, simple, and accessible digital payment options, Mastercard is committed to helping individuals, businesses, and governments reach their full potential through their innovative products and services.
As always, it’s important to note that any statements in this press release that are not historical facts are considered forward-looking statements and are subject to certain legal provisions. These statements are meant to provide insight into Mastercard’s potential future actions, including details about share repurchases and the company’s overall business strategies.
