MasterCard, the second-biggest bank-card network, said its board approved an 83 per cent dividend increase and a 10-for-1 stock split.
MasterCard, which raised its quarterly dividend to $1.10 a share, also authorised repurchasing as much as $3.5 billion of stock, the Purchase, New York-based company said today in a statement. Investors who own MasterCard stock on January 9 will get the additional shares on January 21, the company said.
Chief executive Ajay Banga is boosting payouts to shareholders as more...
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