Visa 2015 Annual Report Download - page 48

Dividend
Fiscal 2014 Per Share
First Quarter .............................................................. $ 0.10
Second Quarter ........................................................... $ 0.10
Third Quarter .............................................................. $ 0.10
Fourth Quarter ............................................................ $ 0.10
Additionally, in October 2015, our board of directors declared a quarterly cash dividend of $0.14
per share of class A common stock (determined in the case of class B and C common stock, on an as-
converted basis) payable on December 1, 2015, to holders of record as of November 13, 2015 of our
class A, B and C common stock.
Subject to legally available funds, we expect to continue paying quarterly cash dividends on our
outstanding class A, B and C common stock in the future. However, the declaration and payment of
future dividends is at the sole discretion of our board of directors after taking into account various
factors, including our financial condition, settlement indemnifications, operating results, available cash
and current and anticipated cash needs.
Issuer Purchases of Equity Securities
The table below sets forth the information with respect to purchases of the Company’s common
stock made by or on behalf of the Company during the quarter ended September 30, 2015.
Period
Total Number Of
Shares Purchased (1)
Average Price Paid
Per Share
Total Number Of
Shares Purchased
As Part Of Publicly
Announced Plans Or
Programs (2)
Approximate
Dollar Value
Of Shares That
May Yet Be
Purchased
Under The Plans Or
Programs (2),(3)
July 1-31, 2015 ........ 32,944 $ 75.75 — $ 2,772,396,506
August 1-31, 2015 ..... — $ — — $ 2,772,396,506
September 1-30, 2015 . . — $ — — $ 2,772,396,506
Total ................. 32,944 $ 75.75 —
(1) Represents shares of class A common stock withheld (per the terms of grants under the Visa 2007
Equity Incentive Compensation Plan) to offset tax withholding obligations that occur upon vesting
and release of restricted shares as the Company did not repurchase additional shares under its
share repurchase programs.
(2) The figures in the table reflect transactions according to the trade dates. For purposes of our
consolidated financial statements included in this Form 10-K, the impact of these repurchases is
recorded according to the settlement dates.
(3) Our board of directors from time to time authorizes the repurchase of shares of our common stock
up to a certain monetary limit. In October 2014 and October 2015, our board of directors authorized
share repurchase programs for $5.0 billion each. These authorizations have no expiration date. All
share repurchase programs authorized prior to October 2014 have been completed.
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