PURCHASE, N.Y.--()--MasterCard Incorporated (NYSE: MA) today announced that its Board of Directors has declared a cash dividend of $0.30 per share payable on August 9, 2012 to holders of record of its Class A common stock and Class B common stock as of July 9, 2012.
“This stock repurchase program is the result of a periodic review of our capital structure”
The Board of Directors also approved a new share repurchase program authorizing the Company to repurchase up to $1.5 billion of its Class A common stock.
The new $1.5 billion share repurchase program will become effective at the completion of the Company’s previously announced $2 billion Class A share repurchase program. As of May 31, 2012, the Company had approximately $270 million remaining under the current $2 billion share repurchase program authorization.
“This stock repurchase program is the result of a periodic review of our capital structure,” said Ajay Banga, president and chief executive officer, MasterCard Worldwide. “Our strong and consistent cash flow generation affords us the flexibility to return cash to our shareholders through tools such as this stock repurchase program, while continuing to pursue our business strategy and invest in the growth of our business.”
