Mastercard Board of Directors Announces Quarterly Dividend and $8 Billion Share Repurchase Program

Rhea-AI Summary

Mastercard (NYSE: MA) announced a quarterly cash dividend of 49 cents per share, marking an 11% increase from the previous 44 cents. This cash dividend will be distributed on February 9, 2022, to shareholders of record as of January 7, 2022. Additionally, the Board approved a new share repurchase program, allowing the company to buy back up to $8 billion of Class A common stock, effective after the current $6 billion program concludes, which has approximately $4.4 billion remaining.

Positive

• 11% increase in quarterly dividend enhances shareholder value.
• New share repurchase program of $8 billion signals strong financial health and commitment to returning capital to shareholders.

Negative

• None.

PURCHASE, N.Y.--(BUSINESS WIRE)-- Mastercard Incorporated (NYSE: MA) today announced that its Board of Directors has declared a quarterly cash dividend of 49 cents per share, an 11 percent increase over the previous dividend of 44 cents per share. The cash dividend will be paid on February 9, 2022 to holders of record of its Class A common stock and Class B common stock as of January 7, 2022.

The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $8 billion of its Class A common stock.

The new share repurchase program will become effective at the completion of the company’s previously announced $6 billion program. The company has approximately $4.4 billion remaining under the current program authorization.

About Mastercard (NYSE:MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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 the manner and amount of purchases by Mastercard pursuant to its share repurchase program dependent upon price and market conditions, as well as 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211130006018/en/

Mastercard Investor Relations

Jud Staniar, 914-249-4565

investor.relations@mastercard.com

Mastercard Communications

Seth Eisen, 914-249-3153

Seth.Eisen@mastercard.com

Source: Mastercard Investor Relations

FAQ

What is the new dividend amount for Mastercard in 2022?

Mastercard's new quarterly dividend is 49 cents per share.

When will Mastercard's dividend be paid?

The dividend will be paid on February 9, 2022.

How much is the new share repurchase program for Mastercard?

The new share repurchase program is authorized for up to $8 billion.

What is the remaining amount under Mastercard's current share repurchase program?

There is approximately $4.4 billion remaining under the current program.

What was Mastercard's previous dividend before the increase?

The previous dividend was 44 cents per share.