MasterCard 2012 Annual Report Download - page 52

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Price Range of Common Stock
Our Class A common stock trades on the New York Stock Exchange under the symbol “MA”. The
following table sets forth the intra-day high and low sale prices for our Class A common stock for the four
quarterly periods in each of 2012 and 2011, as reported by the New York Stock Exchange. At February 7, 2013,
the Company had 45 stockholders of record for its Class A common stock. We believe that the number of
beneficial owners is substantially greater than the number of record holders because a large portion of our
Class A common stock is held in “street name” by brokers.
2012 2011
High Low High Low
First Quarter .................................. $437.56 $336.26 $262.38 $219.33
Second Quarter ................................ 466.98 389.90 309.81 251.94
Third Quarter .................................. 461.79 404.70 361.94 291.67
Fourth Quarter ................................. 498.62 447.38 384.99 293.01
There is currently no established public trading market for our Class B common stock. There were
approximately 447 holders of record of our Class B common stock as of February 7, 2013.
Dividend Declaration and Policy
During the years ended December 31, 2012 and 2011, we paid the following quarterly cash dividends per
share on our Class A common stock and Class B Common stock:
Dividend per
Share
2012 2011
First Quarter ......................................................... $0.15 $0.15
Second Quarter ....................................................... 0.30 0.15
Third Quarter ......................................................... 0.30 0.15
Fourth Quarter ........................................................ 0.30 0.15
On December 4, 2012, our Board of Directors declared a quarterly cash dividend of $0.30 per share paid on
February 8, 2013 to holders of record on January 9, 2013 of our Class A common stock and Class B common
stock. On February 5, 2013, our Board of Directors declared a quarterly cash dividend of $0.60 per share payable
on May 9, 2013 to holders of record on April 9, 2013 of our Class A common stock and Class B common stock.
Subject to legally available funds, we intend to continue 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, operating results, available cash and current and anticipated cash needs.
Issuer Purchases of Equity Securities
In June 2012, the Company’s Board of Directors approved a new share repurchase program authorizing the
Company to repurchase up to $1.5 billion of its Class A common stock. This program (the “June 2012 Share
Repurchase Program”) became effective in June 2012 at the completion of the Company’s previously announced
$2 billion Class A share repurchase program. The cumulative repurchases by the Company under the $2 billion
repurchase program totaled approximately 6.5 million shares of Class A common stock, for an aggregate cost of
approximately $2 billion and at an average price of $305.60 per share of Class A common stock.
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