Tuesday, October 29th the Board of Directors of Visa Inc. (V) announced a quarterly dividend increase of from $.52 to $0.59 per share that’s payable December 2, 2024 to holders of record November 12, 2024. This represents a 13.5% increase over the last quarterly dividend.
With current price $292.09 (today's open), this raise brings their dividend yield to 0.81%.
Visa Inc. is a Dividend Contenders with an 17 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 18.7, 15.3, 16.3 and 18.3 (Dividend Champions.xls)
Since I own 10 shares of Visa, this will increase my portfolio's projected annual net dividend income by $2.09.
I was expecting an increase of around 10%, so this was a nice positive surprise that I am very happy to receive.
This is the fifth dividend increase I received from Visa Inc. since initiating a position April 2020. During this period, the quarterly dividend has risen very nicely from $0.30 to $0.59, or 96.7 percent.
This increase raises my Yield on Cost to 1.45%.
Summary of 2024 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long V
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