8-KOther EventsExhibits & Filings

VISA INC. 8-K Report, Corporate Update (Jan 27, 2011)

Filed January 27, 2011For Securities:V

Summary

Visa Inc. announced on January 27, 2011, key actions by its Board of Directors that are significant for shareholders. The board declared a quarterly cash dividend of $0.15 per share, payable on March 1, 2011, to shareholders of record as of February 11, 2011. This move signals continued confidence in the company's financial health and a commitment to returning value to its investors. Furthermore, Visa approved the release of all remaining Class C shares from transfer restrictions, making them eligible for public sale starting February 7, 2011. Approximately 55 million shares are affected. Importantly, this release will not increase the total number of outstanding shares or dilute existing Class A shareholders, as any Class C shares sold in the market will automatically convert to Class A shares. This event is notable for potentially increasing market liquidity for Visa shares.

Key Highlights

  • 1Declaration of a quarterly dividend of $0.15 per share for Class A, B, and C common stock.
  • 2Dividend payment date set for March 1, 2011, with a record date of February 11, 2011.
  • 3Approval for the release of all remaining Class C shares from transfer restrictions.
  • 4Approximately 55 million Class C shares will become eligible for public sale starting February 7, 2011.
  • 5Release of Class C shares will not increase the total number of outstanding shares.
  • 6No dilutive effect on the Class A share count is expected.
  • 7Class C shares sold to the public will automatically convert to Class A shares.

Frequently Asked Questions

Visa Inc. announced a quarterly dividend of $0.15 per share of Class A common stock, determined on an as-converted basis for Class B and Class C common stock.

The dividend will be paid on March 1, 2011, to all holders of record of Visa's Class A, Class B, and Class C common stock as of February 11, 2011.

Visa's Board of Directors has approved the release of all remaining Class C shares from transfer restrictions. These shares will become eligible for public sale on February 7, 2011.

No, the release of Class C shares will not increase the number of outstanding shares or have a dilutive effect on the outstanding Class A share count. Class C shares sold in the public market will automatically convert to Class A shares.