Visa 2013 Annual Report Download - page 41

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Additionally, in October 2013, our board of directors declared a quarterly cash dividend of
$0.40 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 3, 2013, to holders of record as of November 15, 2013 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, but not limited to, 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, 2013.
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, 2013 .................... 745,148 $ 183.69 744,500 $ 1,424,252,596
August 1-31, 2013 .................. 6,640,563 $ 176.78 6,638,189 $ 250,658,812
September 1-30, 2013 .............. — $ — — $ 250,658,812
Total ............................. 7,385,711 $ 177.47 7,382,689
(1) Includes 3,022 shares of class A common stock withheld at an average price of $182.50 per share
(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.
(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. In October 2013, the Company’s board of directors
authorized an additional $5.0 billion share repurchase program.
33