MasterCard doubles dividend, to buy back $2 bln of shares

Tue Feb 5, 2013 8:15am EST

Feb 5 (Reuters) - MasterCard Inc doubled its quarterly cash dividend to 60 cents per share and said it would buy back up to $2 billion of its Class A shares.

The new buyback program will become effective after the company completes its previously announced $1.5 billion repurchase program.

MasterCard said it had about $440 million remaining under the current plan as of Jan. 25.

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