Home Banking & Finance Mastercard offers investors 16% quarterly dividend boost

Mastercard offers investors 16% quarterly dividend boost

Mastercard Inc. (NYSE:MA) announced a quarterly cash dividend of 57 cents per share, a 16% increase over the previous dividend of 49 cents per share.

According to the Purchase-headquartered company, the cash dividend will be paid on Feb. 9, 2023, to holders of record of its Class A common stock and Class B common stock as of Jan. 9, 2023.

Also, Mastercard’s board of directors approved the repurchasing of up to $9 billion of its Class A common stock. The new share repurchase program will become effective at the completion of the company’s previously announced $8 billion program (November 2021). As of Dec. 1, 2022, the company had approximately $4.1 billion remaining under the current approved share repurchase program.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 11 books (including the upcoming "100 Years of Wall Street Crooks," published by Bicep Books). He is also the host of the SoundCloud podcast "The Online Movie Show," host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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