GO
Loading...

MasterCard raises dividend by 83%; shares rise

Andrew Harrer | Bloomberg | Getty Images

MasterCard, the world's No.2 credit and debit card company, raised its quarterly dividend by 83 percent and announced a new $3.5 billion share buyback program, sending its shares up 3 percent in extended trading.

The company, which also announced a 1-for-10 stock split, raised its quarterly dividend by 50 cents to $1.10 per share.

(Read more: MasterCard earnings beat as Visa profits decline)

MasterCard shares closed at $763.61 on the New York Stock Exchange on Tuesday. (What's the stock doing now?)

—By Reuters

Correction:

The headline of this story has been updated to correct the exchange rate on the share split.

Symbol
Price
 
Change
%Change
MA
---

Featured

Contact Finance

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

NetNet