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Mastercard ticks up as credit card giant unveils increased quarterly dividend, new share buy-back programme

The payments firm announced a quarterly cash dividend of 25 US cents per share, a 14% increase over its previous payout of 22 US cents
Credit cards
Mastercard also announced a new US$4bn stock buyback plan, to take effect after its current US$4bn repurchase program

Mastercard Inc. (NYSE:MA) (TSX:MA) saw its shares tick higher in pre-market trading after the credit card giant announced an increased quarterly dividend and plans for a roll-on share buy-back programme.

The payments firm announced a quarterly cash dividend of 25 US cents per share, a 14% increase over its previous payout of 22 US cents.

The company also announced a new US$4bn stock buyback plan, saying it will take effect after its current US$4bn repurchase program, which has US$1.5bn remaining, is finished.

Mastercard shares were up 0.4% to US$144 in pre-market New York trading.

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