MasterCard raises dividend by 83 pct, shares rise

Tue Dec 10, 2013 4:29pm EST

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Dec 10 (Reuters) - MasterCard Inc, the world's No.2 credit and debit card company, raised its quarterly dividend by 83 percent and announced a new $3.5 billion share buyback program, sending its shares up 3 percent in extended trading.

The company, which also announced a 1-for-10 stock split, raised its quarterly dividend by 50 cents to $1.10 per share.

MasterCard shares closed at $763.61 on the New York Stock Exchange on Tuesday. (Reporting by Aman Shah in Bangalore; Editing by Don Sebastian)

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