Mastercard to buy back shares worth $4 billion

MasterCard credit card is seen in this picture illustration taken in Bordeaux, Southwestern France, August 22, 2016. REUTERS/Regis Duvignau - RTX2N75GPayment processor Mastercard Inc (MA.N) said on Tuesday it would buy back class A shares worth $4 billion and raised its quarterly dividend.

The new share repurchase program will be effective at the completion of the company's previously announced $4 billion share repurchase program, under which it has about $1.3 billion remaining.

The company also increased its quarterly cash dividend to 22 cents per share, a 16 percent increase over the previous dividend of 19 cents per share.
Mastercard had 1.09 billion class A shares and 21.3 million class B shares as of Dec. 31.
source: reuters

Category and Tags
Add a comment
More stories by
Mitsubishi to invest $100m to assemble cars in Bangladesh

Japanese automaker giant Mitsubishi has decided to invest $100 million in Bangladesh to produce its branded vehicles.

Study: 50% Bangladeshi transport workers have eyesight issues

Brac Road Safety Programme and JCI–Dhaka West conducted the survey on 1,200 transport workers in Dhaka last month Around 50% of transport workers in Bangladesh suffer from eyesight problems, said a study by Brac.

Bangladeshis will be richer than Indians by 2030, StanChart Bank says

The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%.

Crying helps you reduce body weight: Study

Crying is humans’ natural response to pain, stress, sadness, and happiness, a recent study says.

Biman plane crashes in Yangon airport

Photo: Supplied.A Biman Bangladesh Airlines plane has crashed this evening on the runway at Yangon International Airport, aviation sources told The Myanmar Times.The S2-AGQ - Bombardier Dash 8 Q400 was seen in p...

Follow Business Habit on Facebook, Twitter