MasterCard doubles dividend, to buy back $2 billion of shares
MasterCard Inc doubled its quarterly cash dividend to 60 cents per share and said it would buy back up to $2 billion of its Class A shares.
The new buyback program will become effective after the company completes its previously announced $1.5 billion repurchase program.
MasterCard said it had about $440 million remaining under the current plan as of January 25.
(Reporting by Anil D'Silva; Editing by Saumyadeb Chakrabarty)