Mastercard: shares up after dividend hike; new buybacks.
(CercleFinance.com) - US payments processor Mastercard increased its quarterly dividend by 14% on Tuesday, while announcing a new share buyback.
Investors cheered the news, sending the group's shares up 1.2% to 142.1 dollars on the New York Stock Exchange after this announcement.
In a press release, the company said that its quarterly cash dividend would be increased to 25 cents per share, up from a previous dividend of 22 cents per share.
Mastercard also announced a new share repurchase program of up to 4 billion dollars of its common stock.
The new program will become effective on the completion of the company's existing 4 billion dollars share buyback program, under which the company still has 1.5 billion dollars to spend.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Investors cheered the news, sending the group's shares up 1.2% to 142.1 dollars on the New York Stock Exchange after this announcement.
In a press release, the company said that its quarterly cash dividend would be increased to 25 cents per share, up from a previous dividend of 22 cents per share.
Mastercard also announced a new share repurchase program of up to 4 billion dollars of its common stock.
The new program will become effective on the completion of the company's existing 4 billion dollars share buyback program, under which the company still has 1.5 billion dollars to spend.
Copyright (c) 2017 CercleFinance.com. All rights reserved.