Mastercard Boosts Its Dividend by 21%

Mastercard's (NYSE: MA) shareholders have larger dividends coming their way.

The digital payments giant announced on Tuesday that its board of directors had approved a 21% increase in its quarterly payout to investors. Mastercard will pay $0.40 per share beginning on Feb. 7, 2020. To receive the dividend, investors will need to own the stock by Jan. 9.

Mastercard also announced a new $8 billion share repurchase program. The new stock buyback plan will start after the company's current $6.5 billion program is completed.

Source Fool.com