Summary
Visa Inc. (V) filed an 8-K on July 19, 2016, primarily to announce its quarterly cash dividend. The board of directors declared a dividend of $0.14 per share for its class A common stock. This dividend will also apply on an as-converted basis for class B and C common stock and series B and C convertible participating preferred stock. Investors should note the payment and record dates. The dividend is payable on September 6, 2016, to shareholders of record as of August 19, 2016. This announcement signals continued commitment to returning capital to shareholders, a common practice for established companies like Visa.
Key Highlights
- 1Visa Inc. announced a quarterly cash dividend of $0.14 per share of class A common stock.
- 2The dividend is declared on an as-converted basis for class B and C common stock and series B and C convertible participating preferred stock.
- 3The payable date for the dividend is September 6, 2016.
- 4The record date for dividend entitlement is August 19, 2016.
- 5The announcement was made via a press release dated July 19, 2016, filed as an exhibit to the 8-K.
- 6This filing indicates ongoing capital return to shareholders.