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


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