Summary
Visa Inc. (V) has filed an 8-K report detailing a recent board of directors' decision to declare a quarterly cash dividend. This action signals the company's continued commitment to returning value to its shareholders. The dividend amount is set at $0.21 per share of class A common stock, with proportional adjustments for other stock classes and convertible securities, ensuring equitable distribution across all eligible shareholders.
Key Highlights
- 1Visa Inc. declared a quarterly cash dividend of $0.21 per share.
- 2The dividend is applicable to class A common stock, with adjustments for class B and C common stock and series B and C convertible participating preferred stock on an as-converted basis.
- 3The payment date for the dividend is scheduled for June 5, 2018.
- 4Shareholders of record as of May 18, 2018, will be eligible to receive this dividend.
- 5The company issued a press release on April 18, 2018, to announce this dividend declaration.
- 6This filing is an 8-K Current Report, indicating a significant event for the company.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly announce the declaration of Visa Inc.'s quarterly cash dividend by its board of directors.
The quarterly dividend is $0.21 per share of class A common stock. Holders of record as of May 18, 2018, are eligible to receive this dividend. The amount is adjusted for other stock classes and convertible securities on an as-converted basis.
The dividend will be paid on June 5, 2018.
This filing reports a specific quarterly dividend declaration. While not explicitly stated in this filing whether it's a new policy, Visa has a history of regular dividend payments, reflecting a commitment to shareholder returns.