PURCHASE, N.Y.--(BUSINESS WIRE)--
MasterCard Incorporated (NYSE:MA) today announced that its Board of
Directors has increased the company’s quarterly cash dividend to 19
cents per share, a 19 percent increase over the previous dividend of 16
cents per share. The cash dividend will be paid on February 9, 2016 to
holders of record of its Class A common stock and Class B common stock
as of January 8, 2016.
The Board of Directors also approved a new share repurchase program,
authorizing the company to repurchase up to $4 billion of its Class A
common stock.
The new share repurchase program will become effective at the completion
of the company’s previously announced $3.75 billion share repurchase
program. As of December 3, 2015, the company had approximately $786
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. We operate the
world’s fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in more
than 210 countries and territories. MasterCard’s 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,
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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. Such forward-looking statements include, without
limitation, those relating to statements relating to the manner and
amount of purchases by MasterCard pursuant to its share repurchase
program dependent upon price and market conditions.
Actual results may differ materially from such forward-looking
statements for a number of reasons, including those risks, uncertainties
and other factors discussed under the “Risk Factors” heading in the
company’s most recent annual report on Form 10-K and other documents
filed with or furnished to the Securities and Exchange Commission.
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Source: MasterCard Investor Relations