Tuesday, February 05, 2013 8:20 am
MasterCard doubling its quarterly dividend
The Associated Press
MasterCard Inc., which is based in Purchase, N.Y., said Tuesday that the increased quarterly dividend will be paid on May 9 to shareholders of record on April 9.
The credit card company says that its new buyback will become effective once it completes its $1.5 billion repurchase program. MasterCard had about $440 million remaining under that repurchase program as of Jan. 25.
Its shares rose $6.26, or 1.2 percent, to $520.49 in premarket trading.