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

Mastercard Inc MA shares are moving higher in extended trading Tuesday after the company boosted its quarterly dividend and announced a new share repurchase program.What Happened: After the market close on Tuesday, Mastercard announced its board declared a quarterly cash dividend of 76 cents per share, a 15% increase compared to the company’s previous quarterly dividend of 66 cents per share.The dividend will be paid on Feb. 7, 2025, to shareholders of record as of Jan. 9, 2025.In addition to the dividend r ...