By News Room
Mastercard
stock was rising after the company announced a dividend increase and a new buyback program.
After Tuesday’s close, Mastercard announced that it would raise its quarterly dividend to 66 cents, from 57 cents, a 16% increase. At $411, that would leave the stock with a yield of 0.64%. The company also approved a $11 billion share repurchase plan, which will begin once its current $9 billion plan, which has $3.5 billion remaining, is completed.
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