Summary
This Form 8-K filing from Visa Inc. (V) on April 23, 2009, primarily reports on the declaration of a quarterly dividend by its Board of Directors. The dividend amounts to $0.105 per share of Class A common stock, with a pro-rata conversion for Class B and C shares. This dividend is scheduled to be paid on June 2, 2009, to all shareholders of record as of May 15, 2009. This announcement indicates Visa's continued commitment to returning value to its shareholders. While this filing does not contain detailed financial performance data, the declaration of a dividend suggests a level of financial stability and confidence in the company's ongoing operations and future prospects during a period that followed the initial stages of the global financial crisis. Investors should note the record and payment dates for participation in this dividend distribution.
Key Highlights
- 1Visa Inc. declared a quarterly dividend of $0.105 per share for its Class A common stock.
- 2The dividend will also be applied on an as-converted basis for Class B and Class C common stock.
- 3The payment date for the dividend is June 2, 2009.
- 4Shareholders of record as of May 15, 2009, will be eligible to receive the dividend.
- 5The announcement was made via a press release filed as an exhibit to the 8-K.
- 6The filing was made on April 23, 2009.