MasterCard to buy back shares worth US$4b
[BENGALURU] Payment processor MasterCard Inc said on Tuesday it would buy back class A shares worth US$4 billion and raised its quarterly dividend.
The new share repurchase programme will be effective at the completion of the company's previously announced US$4 billion share repurchase programme, under which it has about US$1.3 billion remaining.
The company also increased its quarterly cash dividend to 22 cents per share, a 16 per cent increase over the previous dividend of 19 cents per share.
MasterCard had 1.09 billion class A shares and 21.3 million class B shares as of Dec 31.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Barclays cuts jobs in energy transition team it only just built
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share
China's central bank vows to support economic recovery
Ping An sells US$50 million of HSBC shares after vote against CEO
Manulife profit beats on growth in Asia, wealth management
Hot stock: UOI surges to over 6-month high amid heavy trading