Mastercard Increases Dividend By 15%, Announces New $12B Buyback, Shares Move Higher After Hours

Core Points - Mastercard Inc has announced a quarterly cash dividend increase of 15%, raising it from 66 cents to 76 cents per share [1][2] - The new dividend will be paid on February 7, 2025, to shareholders of record as of January 9, 2025 [2] - The company has authorized a new share repurchase program of up to $12 billion, which will commence after completing the current buyback program [2] - As of December 13, Mastercard had approximately $3.9 billion remaining under its existing repurchase program [2] - Mastercard shares rose by 0.71% in after-hours trading, reaching $534 [3]