Visa (V) boosted its dividend payout for the third year in a row, boosting it to 22 cents from 15 cents, a 47% increase. The stock now yields about 0.9%.
“Visa has a long-standing commitment to deliver value to its shareholders,” said Chairman and CEO Joseph Saunders in a statement. “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.”
Visa stock is up 33% this year. The stock opened flat this morning.