Here's How Much Stock Visa Repurchased in the Past Year
Say this about card payment giant (NYSE: V): It's not stingy about spending capital on shareholder-pleasing measures. The company regularly allocates piles of money to buying back its own stock.
Visa's stock repurchases are large, amounting to $12.7 billion over the past year. Let's take a look at the particulars behind Visa's buybacks, and what they indicate about the company.
All told, $12.7 billion bought 53.9 million shares of stock. Breaking that down into the four quarters, Visa purchased between 10 million and 17 million shares in each, with the total spend ranging from $2.2 billion to $4.1 billion.
Source Fool.com
Visa Inc. A Stock
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