MasterCard 2014 Annual Report Download - page 29

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Item 4. Mine Safety Disclosures
Not applicable.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The number of shares and per share amounts have been retroactively restated to reflect the ten-for-one stock split of the Company’s
Class A and Class B common shares, which was effected in the form of a common stock dividend distributed on January 21, 2014.
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 2014 and 2013. At
February 5, 2015, the Company had 69 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.
2014 2013
High Low High Low
First Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 84.75 $ 71.75 $ 54.20 $ 50.10
Second Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77.89 68.68 59.19 51.86
Third Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79.22 73.64 69.50 56.70
Fourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89.87 69.64 83.94 64.74
There is currently no established public trading market for our Class B common stock. There were approximately 380 holders of
record of our Class B common stock as of February 5, 2015.
Dividend Declaration and Policy
During the years ended December 31, 2014 and 2013, we paid the following quarterly cash dividends per share on our Class A
common stock and Class B Common stock:
Dividend per Share
2014 2013
First Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.11 $ 0.03
Second Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.11 0.06
Third Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.11 0.06
Fourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.11 0.06
On December 2, 2014, our Board of Directors declared a quarterly cash dividend of $0.16 per share paid on February 9, 2015 to
holders of record on January 9, 2015 of our Class A common stock and Class B common stock. On February 3, 2015, our Board
of Directors declared a quarterly cash dividend of $0.16 per share payable on May 8, 2015 to holders of record on April 9, 2015
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
On December 10, 2013, the Company’s Board of Directors approved a new share repurchase program authorizing the Company
to repurchase up to $3.5 billion of its Class A common stock (the “December 2013 Share Repurchase Program”). This program
became effective at the completion of the Company’s previously announced $2 billion share repurchase program, which occurred
in January 2014. On December 2, 2014, the Company’s Board of Directors approved a new share repurchase program authorizing
the Company to repurchase up to $3.75 billion of its Class A common stock (the “December 2014 Share Repurchase Program”).