|MasterCard Announces Annual Meeting Results; Stockholders Re-elect Four Members to Board of Directors|
MasterCard Board of Directors Announces Regular Quarterly Dividend
PURCHASE, N.Y., Jun 07, 2011 (BUSINESS WIRE) -- MasterCard Incorporated (NYSE: MA) announced the results of its Annual Meeting of Stockholders, held earlier today at the company's worldwide headquarters in Purchase, NY.
At the meeting:
Addressing stockholders on the Company's business, MasterCard President and Chief Executive Officer Ajay Banga noted that MasterCard continues to make great progress in strengthening its position in the marketplace and delivering solutions that add value to society.
"MasterCard is an integral part of people's daily lives. Every day our products and solutions provide greater convenience, security and efficiency than cash or checks ever could and help facilitate global commerce. Looking into the future, we remain committed to creating meaningful solutions that benefit consumers, businesses and governments all around the world while consistently delivering shareholder value."
MasterCard's Board of Directors also declared a cash dividend of $0.15 per share yesterday afternoon, payable on August 9, 2011, to holders of record of its Class A common stock and Class B common stock as of July 8, 2011.
About MasterCard Incorporated
As a leading global payments company, MasterCard Incorporated prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2010, $2.7 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network - the fastest payment processing network in the world - MasterCard processes over 23 billion transactions each year and has the capacity to handle 160 million transactions per hour, with an average network response time of 130 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard(R), Maestro(R), and Cirrus(R); its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass(TM) and MasterCard inControl(R). MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com.
Statements in this press release which are not historical facts, including statements about MasterCard's plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements speak only as of the date they are made. Accordingly, except for the company's ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Forward-looking statements include, without limitation, statements relating to MasterCard's commitment to creating meaningful solutions that benefit consumers, businesses and governments and delivering consistent value to shareholders.
Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the company's filings with the Securities and Exchange Commission (SEC), including the company's Annual Report on Form 10-K for the year ended December 31, 2010, the company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2011, as well as reasons including difficulties, delays or the inability of the company to achieve its strategic initiatives set forth above. Factors other than those listed above could also cause the company's results to differ materially from expected results.
SOURCE: MasterCard Incorporated