Master your card

A giant American payment processor raised its dividend and announced a buyback. But don’t rush out to buy the shares yet.

Finance | Mastercard shares aren’t cheap

Mastercard, a giant American payment processor, announced a brand-spanking-new $11bn share repurchase program and dividend hike earlier this week. That will be on top of the $3.5bn in shares the firm still wants to buy back from the last repurchase plan. The shares jumped 1% on the news—a muted reaction to a poten…