Summary
This 8-K filing from Visa Inc. reports on the declaration of its quarterly cash dividend. The board of directors approved a dividend of $0.21 per share of class A common stock, with adjustments for other classes of stock. This dividend underscores Visa's commitment to returning capital to shareholders and reflects confidence in its ongoing financial performance. Investors should note the record date for the dividend is August 17, 2018, and the payment date is September 4, 2018. This action aligns with Visa's consistent practice of distributing profits, a factor often viewed positively by income-oriented investors.
Key Highlights
- 1Visa Inc. declared a quarterly cash dividend of $0.21 per share.
- 2The dividend applies to class A common stock, with adjustments for class B, class C, and series B and C convertible participating preferred stock on an as-converted basis.
- 3The record date for dividend eligibility is August 17, 2018.
- 4The dividend payment date is scheduled for September 4, 2018.
- 5The announcement was made via a press release filed as an exhibit to the 8-K.
- 6This action demonstrates Visa's ongoing commitment to returning capital to its shareholders.