Summary
This Form 8-K filing from Visa Inc. on July 22, 2011, primarily announces the declaration of a quarterly dividend by its Board of Directors. The dividend is set at $0.15 per share for Class A common stock, with Class B and Class C common stock dividends determined on an as-converted basis. This action indicates the company's continued commitment to returning value to its shareholders. Investors should note the record date for this dividend is August 19, 2011, and the payment date is September 7, 2011. The attached press release, filed as Exhibit 99.1, provides the full details of this dividend declaration. While this filing is routine, it underscores Visa's financial health and its practice of regular dividend distributions.
Key Highlights
- 1Visa Inc. declared a quarterly dividend of $0.15 per share of Class A common stock.
- 2The dividend payment will be made on September 7, 2011.
- 3Holders of record as of August 19, 2011, are eligible to receive the dividend.
- 4Dividends for Class B and Class C common stock will be determined on an as-converted basis.
- 5The information was announced via a press release filed as Exhibit 99.1 to the 8-K.
- 6This filing is primarily an 'Other Events' disclosure (Item 8.01).
Frequently Asked Questions
The main purpose of this filing is to publicly announce that Visa Inc.'s Board of Directors has declared a quarterly dividend for its common stock shareholders.
The quarterly dividend is $0.15 per share of Class A common stock. All holders of record of the Company’s Class A, Class B, and Class C common stock as of August 19, 2011, are eligible to receive this dividend.
The dividend is scheduled to be paid on September 7, 2011.
More details can be found in the press release issued by Visa Inc. on July 22, 2011, which is attached as Exhibit 99.1 to this Form 8-K filing.