Mastercard plans a $12 billion stock buyback and raises dividend by 15%, after beating earnings estimates.
Mastercard announced a $12 billion stock repurchase program and a 15% increase in its quarterly dividend to $0.76 per share. The company's recent earnings beat analysts' estimates, with EPS of $3.89 and revenue of $7.37 billion. Analysts are positive, with ratings ranging from 'overweight' to 'outperform' and target prices up to $618. Mastercard's shares rose in after-hours trading following the announcements.
3 months ago
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