RE: $100m Mastercard buy in1 Apr 2021 22:42
Will be interesting to see if all this cash will be used to pay down debt and then we may see a revision in the dividend policy. As they mentioned the following in their last earnings report. Should be close to 2x with the recent buy ins
" At the point when reported leverage (calculated as net debt to underlying EBITDA) is below 2.0x, the Board will reassess the dividend policy in light of the growth outlook for the Group. On 28 October 2020, in line with the dividend policy, the Board declared an interim dividend of 1.5 cents per ordinary share which was paid on 11 December 2020. "