Visa ($V) announced its next dividend of $0.52 per share, a 15.56% increase over the company's previous payout of $0.45.
DivGro's annual dividend income will increase by $28.00 as a result.
I own 100 shares of V at an average cost basis of $204.32 per share. Following this increase, my yield on cost is 4.54%. V now contributes $208 to DivGro's projected annual dividend income [PADI].
V currently yields 0.89% at $234.65 per share.
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