Visa Increasing Dividend

Published by: Mike Goldman on 19th Oct 2011 | View all blogs by Mike Goldman
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Visa Increasing Dividend

Visa announced on Wednesday it is increasing its shareholder dividend by 47 percent, marking the third straight year the payments processor increases its quarterly kickback to investors.  Visa will now pay holders of its Class A Common stock a payment of 22 cents, up from 15 cents.  The payments will be made on December 6th to shareholders of record as of November 18th.  The San Francisco-based company also said it was raising its dividend for holders of Class B and Class C stock.

“Visa has a long-standing commitment to deliver value to its shareholders,” read a statement from Visa CEO Joseph Saunders.  “By authorizing a significant dividend increase for the third consecutive year, the board of directors is delivering on that commitment and demonstrating their ongoing confidence in the strength of the business.”  Class A shares of Visa ended Tuesday' trading session at $93.91 after having gained about 33 percent so far this year.


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