Visa Increases its Dividends 47%
Visa, Inc. (NYSE:V) announced that it plans to raise its dividend by 47%, from $0.15 per share to $0.22 per share. The dividends are payable on December 8th, 2011 to all shareholders of record as of November 18, 2011. The dividend increase raises its annual payout from $0.60 to $0.88 per share.
The company’s CEO stated
Visa has a long-standing commitment to deliver value to its shareholders. 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.
Following is some information on the company’s stock price performance, along with that of some of its competitors.
- Visa, Inc. (NYSE:V): The shares recently traded at $93.34, down $0.57, or 0.61%, on the day. The shares have traded in a 52-week range of $66.50 to $94.75 and its market capitalization is $76.38 billion. About the company: Visa, Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
- MasterCard Incorporated (NYSE:MA): The shares recently traded at $337.77, down $2.12 or 0.62%, on the day. The shares have traded in a 52-week range of $215 to $361.94 and its market capitalization is $42.92 billion. About the company: MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.
- Discover Financial Services (NYSE:DFS): The shares recently traded at $22.81, down $0.25, or 1.08%, on the day. The shares have traded in a 52-week range of $17.02 to $277.92 and its market capitalization is $12.54 billion. About the company: Discover Financial Services is a credit card issuer and electronic payment services company. The Company issues credit cards and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts and operates an automated teller machine/debit network, which includes ATMs, as well as POS terminals nationwide.
- American Express Company (NYSE:AXP): The shares recently traded at $46.62, down $0.06, or 0.13%, on the day. The shares have traded in a 52-week range of $38.88 to $53.80 and its market capitalization is $55.67 billion. About the company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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