June 07, 2011 09:22 AM Eastern Daylight Time
MasterCard Board of Directors Announces Regular Quarterly Dividend
PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Incorporated (NYSE: MA) announced the results of its Annual Meeting of Stockholders, held earlier today at the company’s worldwide headquarters in Purchase, NY.
At the meeting:
- the following directors were re-elected with a term to expire in 2012: Marc Olivié, President, Chief Executive Officer and a Director of W.C. Bradley Co; Rima Qureshi, Senior Vice President and Business Unit Head, CDMA Mobile Systems at Ericsson; Mark Schwartz, Chairman of MissionPoint Capital Partners LLC; and Jackson P. Tai, former Vice Chairman and Chief Executive Officer of DBS Group and DBS Bank Ltd;
- the compensation of MasterCard’s named executive officers was approved on an advisory basis;
- MasterCard’s stockholders voted in favor of future advisory votes on MasterCard’s executive compensation occurring every year; and
- the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2011 was ratified.
Addressing stockholders on the Company’s business, MasterCard President and Chief Executive Officer Ajay Banga noted that MasterCard continues to make great progress in strengthening its position in the marketplace and delivering solutions that add value to society.
“MasterCard is an integral part of people’s daily lives. Every day our products and solutions provide greater convenience, security and efficiency than cash or checks ever could and help facilitate global commerce. Looking into the future, we remain committed to creating meaningful solutions that benefit consumers, businesses and governments all around the world while consistently delivering shareholder value.”
MasterCard’s Board of Directors also declared a cash dividend of $0.15 per share yesterday afternoon, payable on August 9, 2011, to holders of record of its Class A common stock and Class B common stock as of July 8, 2011.
About MasterCard Incorporated
As a leading global payments company, MasterCard Incorporated prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2010, $2.7 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 23 billion transactions each year and has the capacity to handle 160 million transactions per hour, with an average network response time of 130 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl®. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com.
