Home>Topics>>UPDATE 1-MasterCard doubles dividend, to buy back $2 bln of shares
UPDATE 1-MasterCard doubles dividend, to buy back $2 bln of shares
Tue, 5 Feb 2013
Feb 5 (Reuters) - MasterCard Inc doubled its quarterly cash dividend and said it would buy back up to $2 billion of its Class A shares, days after the card payment network reported strong fourth- quarter results helped by its performance in emerging markets.
Durable long-term local trends in the emergingmarkets include credit deepening, urbanization, and more consumers coming into the marketplace, says Columbia Acorn EmergingMarkets Fund manager Stephen Kusmierczak.
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