Summary
Visa Inc. (V) announced a significant increase in its quarterly dividend, raising it by 47% from $0.15 to $0.22 per share. This brings the annual dividend rate to $0.88 per share, reflecting a substantial return of capital to shareholders. The dividend is payable on December 6, 2011, to stockholders of record as of November 18, 2011. In addition to the dividend announcement, Visa also scheduled its 2012 Annual Meeting of Stockholders for January 31, 2012. Shareholders of record as of December 5, 2011, will be eligible to vote at this meeting. These announcements signal strong confidence in the company's financial health and its commitment to shareholder returns.
Key Highlights
- 1Visa Inc. declared a 47% increase in its quarterly dividend per share, from $0.15 to $0.22.
- 2The annual dividend rate has been raised from $0.60 to $0.88 per share.
- 3The increased dividend is payable on December 6, 2011.
- 4The record date for the dividend payment is November 18, 2011.
- 5Visa's 2012 Annual Meeting of Stockholders is scheduled for January 31, 2012.
- 6The record date for voting at the Annual Meeting is December 5, 2011.