Mastercard's Board of Directors approved a new share repurchase program, authorizing the company to buy back up to $12 billion of its Class A common stock. This new program will become effective upon the completion of the company’s previously announced $11 billion program, which had approximately $3.9 billion remaining as of December 13, 2024.
In addition to the significant buyback authorization, the board also declared a quarterly cash dividend of 76 cents per share. This represents a 15% increase over the previous dividend of 66 cents per share, demonstrating a strong commitment to returning capital to shareholders.
The cash dividend is scheduled to be paid on February 7, 2025, to holders of record of its Class A and Class B common stock as of January 9, 2025. These capital allocation decisions reflect Mastercard's robust financial health and confidence in its future earnings and cash flow generation.
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