Mastercard Board Approves $12 Billion Share Buyback Program

Investing.com -- Mastercard announced on Tuesday that its board of directors has approved a new share buyback program that will allow for the repurchase of up to $12 billion in Class A shares.
In addition to the new share buyback program, Mastercard raised its quarterly dividend from $0.66 to $0.76 per share.
The company stated that the new share buyback program will only take effect after the completion of the ongoing $11 billion program. As of December 13, approximately $3.9 billion worth of shares were still to be repurchased under the current program.
Following the announcement, Mastercard's shares traded at $533.8, reflecting an increase of about 0.5% in after-hours trading.