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Mastercard board ups quarterly dividend, authorizes $4B buyback program

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Mastercard board ups quarterly dividend, authorizes $4B buyback program

Mastercard Inc.'s board has declared a quarterly cash dividend of 25 cents per share, a 14% increase over the previous payout of 22 cents per share.

The dividend is payable Feb. 9, 2018, to holders of record of Mastercard's class A and class B common shares as of Jan. 9, 2018.

The board has also approved a share repurchase program that allows the company to buy back up to $4 billion of its class A common shares. The new buyback program will become effective once the company's previously announced $4 billion share repurchase program closes. The company has about $1.5 billion remaining under its current program authorization.