What is the declared dividend amount and when will it be paid?

Visa Inc. declared a quarterly dividend of $0.22 per share of Class A common stock. This dividend is scheduled to be paid on September 4, 2012.

Who is eligible to receive the dividend?

All holders of record of Visa's Class A, Class B, and Class C common stock as of August 17, 2012, are eligible to receive the dividend. The amount for Class B and Class C is determined on an as-converted basis.

What is the purpose of the $150 million deposit into the litigation escrow account?

The $150 million deposit is made as part of Visa's retrospective responsibility plan, likely to cover potential costs or settlements related to ongoing litigation or legal matters.

How does the litigation escrow deposit affect Class B shareholders?

Under the terms of the retrospective responsibility plan, when Visa funds the litigation escrow, the U.S. financial institutions and their affiliates, who are the sole holders of Class B shares, will experience a corresponding financial impact through a reduction in their as-converted share count.

V 8-K SEC Disclosure — Jul 19, 2012

Summary

This Form 8-K filing from Visa Inc. on July 19, 2012, primarily announces two key corporate actions. Firstly, the company's Board of Directors has declared a quarterly dividend of $0.22 per share for its Class A common stock, payable on September 4, 2012, to shareholders of record as of August 17, 2012. This signals a commitment to returning value to shareholders. Secondly, Visa has decided to deposit $150 million into its established litigation escrow account under its retrospective responsibility plan. This action is significant as it impacts the U.S. financial institutions holding Class B shares, reducing their as-converted share count. This highlights an ongoing legal or settlement process and its financial implications for certain key stakeholders within Visa's ownership structure.

Key Highlights

1Visa Inc. declared a quarterly dividend of $0.22 per share of Class A common stock.
2The dividend payment date is September 4, 2012.
3Shareholders of record as of August 17, 2012, will receive the dividend.
4The company will deposit $150 million into its litigation escrow account.
5This deposit is related to the company's retrospective responsibility plan.
6The funding impacts U.S. financial institutions holding Class B shares by reducing their as-converted share count.

VISA INC. 8-K Report, Corporate Update (Jul 19, 2012)

Summary

Key Highlights

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