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%!
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $1.335 | $1.575 | $1.870 | $2.150 | $2.440 | ⬆ | $2.790✝ |
| 9.43% | 17.98% | 18.73% | 14.97% | 13.49% | ⬆ | 14.34% |
| 5-year DGR: | 14.87% | ⬆ | 15.88% | |||
✝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+.
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