Mastercard Declares Quarterly Dividend

Mastercard (MA: 212.94 +2.18%) announced today that their Board of Directors has approved a quarterly dividend payment of $.15 per share.

 

Mastercard’s current dividend yield now stands at 0.4%.

 

The dividend will be payable on August 10, 2009 to shareholders of record as of July 10, 2009.

 

“During these unprecedented times, we are taking a flexible and adaptive approach to managing our business,” commented MasterCard President and Chief Executive Officer Robert W. Selander. “Like any industry we face a number of challenges, however, we believe there is significant opportunity for growth as more and more consumers and businesses continue to demand easier, more efficient, convenient and safer forms of payment.”

 

The stock finished the day up 1.3% to $168.18. Since the beginning of 2009, MA’s shares have gained over 17%.

 

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