MasterCard raises quarterly dividend 16%, authorizes $9B share buyback

Mastercard announced that its Board of Directors has declared a quarterly cash dividend of 57c per share, a 16% increase over the previous dividend of 49c per share. The cash dividend will be paid on February 9, 2023 to holders of record of its Class A common stock and Class B common stock as of January 9, 2023. The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $9B of its Class A common stock. The new share repurchase program will become effective at the completion of the company’s previously announced $8B program. As of December 1, 2022, the company had approximately $4.1B remaining under the current approved share repurchase program.