MasterCard 2015 Annual Report Download - page 35

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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 2015 and 2014. At
February 4, 2016, the Company had 77 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.
2015 2014
High Low High Low
First Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 93.00 $ 79.82 $ 84.75 $ 71.75
Second Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96.31 85.37 77.89 68.68
Third Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99.18 74.61 79.22 73.64
Fourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101.76 88.92 89.87 69.64
There is currently no established public trading market for our Class B common stock. There were approximately 344 holders of
record of our Class B common stock as of February 4, 2016.
Dividend Declaration and Policy
During the years ended December 31, 2015 and 2014, we paid the following quarterly cash dividends per share on our Class A
common stock and Class B Common stock:
Dividend per Share
2015 2014
First Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.16 $ 0.11
Second Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.16 0.11
Third Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.16 0.11
Fourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.16 0.11
On December 8, 2015, our Board of Directors declared a quarterly cash dividend of $0.19 per share paid on February 9, 2016 to
holders of record on January 8, 2016 of our Class A common stock and Class B common stock. On February 2, 2016, our Board
of Directors declared a quarterly cash dividend of $0.19 per share payable on May 9, 2016 to holders of record on April 8, 2016
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 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”). This program
became effective in January 2015. On December 8, 2015, the Company’s Board of Directors approved a new share repurchase
program authorizing the Company to repurchase up to $4 billion of its Class A common stock (the “December 2015 Share
Repurchase Program”). This program became effective in February 2016. We typically complete a share repurchase program
before a new program becomes effective.