Summary
Visa Inc. (V) filed a Form 8-K on October 21, 2009, to announce a routine corporate event: the declaration of a quarterly dividend. The company's board of directors approved a dividend of $0.125 per share of class A common stock, with proportional amounts for class B and C common stock. This dividend is payable on December 1, 2009, to shareholders of record as of November 16, 2009. While this filing primarily serves as an informational update regarding shareholder returns, it signals continued confidence from the board in the company's financial health and ability to return capital to investors. Investors should note the record and payment dates for dividend eligibility.
Key Highlights
- 1Visa Inc. announced a quarterly cash dividend of $0.125 per share of Class A common stock.
- 2The dividend payment will be made on December 1, 2009.
- 3Shareholders of record as of November 16, 2009, will be eligible to receive the dividend.
- 4The dividend applies to Class A, Class B, and Class C common stock, with Class B and C amounts determined on an as-converted basis.
- 5This event was disclosed via a press release attached as Exhibit 99.1 to the Form 8-K filing.
- 6The filing date was October 21, 2009, with the earliest event date also listed as October 21, 2009.