Mastercard approves share buyback worth $11 billion | Mint
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Business News/ Companies / News/  Mastercard approves share buyback worth $11 billion
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Mastercard approves share buyback worth $11 billion

Mastercard said its new share repurchase program will become effective at the completion of its previously announced $9 billion program.

Mastercard share price gained about 1% to $411.75 in after-hours trading. (Photo: Reuters)Premium
Mastercard share price gained about 1% to $411.75 in after-hours trading. (Photo: Reuters)

Mastercard on Tuesday said its board approved a new share buyback program that will authorize the company to repurchase up to $11 billion worth of its Class A shares.

The company said its new share repurchase program will become effective at the completion of its previously announced $9 billion program.

The payments processing giant also raised its quarterly dividend to 66 cents per share over previous dividend of 57 cents, Reuters reported.

Mastercard share price gained about 1% to $411.75 in after-hours trading. 

(With inputs from Reuters)

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Published: 06 Dec 2023, 08:10 AM IST
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