Visa Inc Dividend Increase

On October 27, Visa (V) increased its dividend by 16.42%, from 67¢ to 78¢ per share.

The dividend is payable on December 1 to shareholders of record on November 10.

V's contribution to DivGro's projected annual dividend income will increase by $52.80 to $374.40.

Created by the author

I own 120 shares of V at an average cost basis of $252.03/share. After this increase, my yield on cost is 1.24%, while the stock's forward yield is 0.78% at $401.86/share.

Since I opened my position in September 2018, the stock has delivered a total return of 62%, including dividends of $856.55. That's a superb annualized rate of return of 15.1%!

5-Year History of Dividend Payouts by Ex-Date

✝projected, assuming no further changes

Created by the author

On my 9-factor quality model, V scores 9.40, placing it in the Exceptional band. Simply Safe Dividends rates V's dividend Very Safe at 99, the top tier of their five-band scale, and Seeking Alpha assigns a dividend grade of A+.