Mastercard Inc. (NYSE:MA) (TSX:MA) saw its shares tick higher in pre-market trading after the credit card giant announced an increased quarterly dividend and plans for a roll-on share buy-back programme.
The payments firm announced a quarterly cash dividend of 25 US cents per share, a 14% increase over its previous payout of 22 US cents.
The company also announced a new US$4bn stock buyback plan, saying it will take effect after its current US$4bn repurchase program, which has US$1.5bn remaining, is finished.
Mastercard shares were up 0.4% to US$144 in pre-market New York trading.