15 December 2017
visit http://response.ncr.com

MasterCard plans $1bn share buyback

15 September 2010  |  1428 views  |  0 Source: MasterCard

MasterCard Incorporated (NYSE:MA) today announced that its Board of Directors has approved a share repurchase program for up to $1.0 billion of its Class A common stock in open market transactions.

The share repurchase authorization is effective immediately.

"We're very pleased with the Board's approval of this new share repurchase program," said Ajay Banga, MasterCard's president and chief executive officer. "This stock repurchase program is the result of a periodic review of our capital structure, and is enabled by MasterCard's strong and consistent cash flow. It is an important way of returning cash to our shareholders while allowing us the flexibility to pursue our business strategy."

 

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
9995 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9423 views comments | 17 tweets | 36 linkedin
Brits flock to digital-only banksBrits flock to digital-only banks
7430 views 11 comments | 11 tweets | 15 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
6812 views comments | 19 tweets | 20 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6249 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job