Visa Inc. Dividend Increase -

Visa Inc. Dividend Increase

Nov 01, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashOn 29 October, Visa (V) increased its quarterly dividend by 13.46%, from 52¢ to 59¢ per share.The dividend will be paid on 2 December to shareholders of record on 12 November. The ex-dividend date is 12 November.V’s contribution to DivGro’s projected annual dividend income will increase by $28 to $236.I own 100 shares of V at an average cost basis of $204.32 per share. Following this increase, my yield on cost is 1.16%. (V’s forward yield is 0.81% at $290.74 per share). Since I opened my V position in September 2018, the stock has produced total returns of 45%, including $640.13 in dividend income. That’s an annualized rate of return of 11.2%.5-Year History of Dividend Payouts by Ex-Date

2019 2020 2021 2022 2023 • 2024 $1.050 $1.220 $1.335 $1.575 $1.870 ⬆ $2.150^✝ 19.32% 16.19% 9.43% 17.98% 18.73% ⬇ 14.97% 5-year DGR: 16.27% ⬇ 15.41%

^✝projected, assuming no further changesMore By This Author:Brown & Brown Dividend IncreaseRollins Dividend IncreaseStarbucks Dividend Increase