Mastercard announces $8B share repurchase program
$MasterCard(MA.US$has announced a new share repurchase program to buyback up to $8B of its Class A common stock.
The latest authorization will become effective at the completion of the company's previously announced $6B program. Approximately $4.4B remains outstanding under the current program authorization.
$8B share repurchase authorization represents 2.5% of current market cap of $318.5B.
In other news, Mastercard raised its quarterly dividend by 11% to $0.49.
Shares are +0.66% AH
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Carlo Bevans : Shares are GROSLY undervaluated. Good buy.
Mariela Angolo Carlo Bevans: Undervalued at a P/E of 40?
Cocilia Pace Mariela Angolo: The p/e is about 30 on 2022 estimates and over 24 on 2023 estimates. The free cash flow yield on 2023 estimates is about 3.9 percent.
I suspect the market is looking through COVID-19 disruption in 2020-21.
Casilla Swinzai Mariela Angolo: yes.
Primaveraaa : Man did I pile up on some fintech.... V, MA, PYPL & SQ
And added some value to balance it out incase rates rise - GS & MS.
Will close my eyes for five years and see how things go.
21th Wall Primaveraaa: did all that plus some sofi mq
Mittchell : $MasterCard (MA.US)$ made good money! Will join later, keep up the good fight!