MasterCard 2010 Annual Report Download - page 55

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Subject to legally available funds, we intend to pay a quarterly cash dividend on our outstanding Class A
common stock and Class B common stock. However, the declaration and payment of future dividends is at the
sole discretion of our Board of Directors after taking into account various factors, including our financial
condition, settlement guarantees, operating results, available cash and current and anticipated cash needs.
Issuer Purchases of Equity Securities
In September 2010, the Company’s Board of Directors authorized a plan for the Company to repurchase up
to $1 billion of its Class A common stock in open market transactions. The Company did not repurchase any
shares under this plan during 2010. As of February 16, 2011, the Company had completed the repurchase of
approximately 0.3 million shares of its Class A common stock at a cost of approximately $75 million. The timing
and actual number of shares repurchased will depend on a variety of factors, including legal requirements, price
and economic and market conditions.
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