Mastercard Announces $12 Billion Stock Buyback Program

Investing.com — Mastercard announced Tuesday a $12 billion stock buyback program and a hike in its quarterly dividend.

The new $12 billion stock buyback program will take effect upon the completion of its previously announced $11 billion program. As of December 13, the company had approximately $3.9 billion remaining under the $11 billion share repurchase program.

Mastercard declared a quarterly cash dividend of 76 cents per share, representing a 15% increase from the previous dividend of 66 cents per share. This dividend will be paid on February 7, 2025, to shareholders on record as of January 9, 2025.

Following this announcement, Mastercard Inc (NYSE:MA) saw a slight increase in after-hours trading.