Mastercard Incorporated announced that its Board of Directors has declared a quarterly cash dividend of 66c per share, a 16% increase over the previous dividend of 57c per share. The cash dividend will be paid on February 9, 2024 to holders of record of its Class A common stock and Class B common stock as of January 9, 2024. The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $11B of its Class A common stock. The new share repurchase program will become effective at the completion of the company’s previously announced $9B program in December 2022. As of December 1, 2023, the company had approximately $3.5B remaining under the current approved share repurchase program.
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