V announced 10/21 a quarterly dividend increase from 0.12 to 0.14. The previous dividend was an increase of 0.40 to 0.48 or 20%. Don’t forget the 4:1 split in the last 12 months, which gave each new share a dividend of .12. The dividend is payable Dec. 1, 2015 to shareholders of record as of Nov. 13, 2015.
This is an increase of 17%! Just below the last increase but still a huge increase. With a low payout ratio, Visa has plenty of room to keep giving above-average raises going forward.
This is the 9th annual consecutive increase for Visa .
Since I own 58.01 shares, this will increase my yearly dividends by $4.64.