MasterCard Board of Directors Announces Dividend
MasterCard has announced that its Board of Directors has declared a quarterly cash dividend to holders of shares of its Class A common stock and Class B common stock, the first dividend to be declared by the company since its initial public offering earlier this year. The company said an initial cash dividend of nine cents per share will be paid on November 10, 2006 to holders of record of its Class A common stock and Class B common stock as of October 10, 2006. Based upon MasterCard's approximately 135 million shares reported to be outstanding, the total dividend amount being paid would be a bit over $12 million.
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