An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon November 15, 2012. REUTERS/Soe Zeya Tun
MasterCard doubles dividend, to buy back $2 billion of shares
Posted : Tuesday, 05 February 2013 08:16AM
(Reuters) - MasterCard Inc <MA.N> 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)
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