Visa 2010 Annual Report Download - page 39

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Table of Contents
Subject to legally available funds, we intend to pay 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 guarantees, operating results, available cash and current and anticipated cash needs. Prior to our IPO, we did not pay any cash
dividends on our common stock.
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, 2010.
Period
(a)
Total
Number of
Shares
Purchased(1)
(b)
Average
Price Paid
per Share
(c)
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs(2)
(d)
Approximate
Dollar Value
of Shares that
May Yet Be Purchased
Under the Plans or
Programs(2)
July 1-31, 2010 861,900 $ 72.46 861,900 273,705,982
August 1-31, 2010 3,788,035 $ 72.25 3,787,162 —
September 1-30, 2010 — — —
Total 4,649,935 $ 72.29 4,649,062
(1) Includes 873 shares of class A common stock withheld at an average price of $71.67 per share (under the terms of grants under the Company's equity
incentive compensation plan) to offset tax withholding obligations that occur upon vesting and release of restricted shares.
(2) On October 27, 2009, the Company announced a $1.0 billion class A common stock repurchase plan, authorized by the board of directors through
September 30, 2010. Under this plan, during the 12 months ended September 30, 2010, the Company drew the entire $1.0 billion authorized amount
and repurchased approximately 12.9 million shares of its class A common stock at an average price of $77.48.
38