Visa Inc. Declares Quarterly Dividend, Increases Dividend Rate 19%
"Our Board of Director's decision to increase our dividend rate is further validation of Visa's focus on returning excess cash flow to our shareholders," said Joe Saunders, chairman and chief executive officer of Visa. "We are especially pleased that in spite of the difficult global economic backdrop, Visa has been able to generate both solid returns and excess capital for our shareholders."
About Visa: Visa operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com.
Forward Looking Statements
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Jack Carsky or Victoria Hyde-Dunn, Investor Relations
Tel: +1 415 932 2213
Will Valentine, Media Relations
Tel: +1 415 932 2166
SOURCE Visa Inc.