Visa authorizes new $30B common stock repurchase program

During the three months ended March 31, Visa (V) repurchased approximately 13M shares of class A common stock at an average cost of $340.26 per share for $4.5B. The company had $4.7B of remaining authorized funds for share repurchases as of March 31. In April, the board of directors authorized a new $30.0B multi-year class A common stock share repurchase program. The board of directors also declared a quarterly cash dividend of 59c per share of class A common stock, payable on June 2 to all holders of record as of May 13.