Visa hikes dividend by 20%

On October 25, 2022, Payments technology company Visa Inc. (V) declared a new quarterly dividend of $0.45 per share, up 20% from the previous quarterly dividend of $0.375 per share. In 2021 Visa announced a dividend hike of 17.2 percent. This new 2022 dividend hike marks the 14th consecutive year of dividend increases by Dow Jones member Visa.

The next V dividend is payable on December 1, 2022, to all holders of record as of November 11, 2022. The new annual dividend of $1.80 per share yields 0.9% at a stock price of $2200. Visa will now pay shareholders an estimated $3.7 billion in dividends annually.

Visa Inc., is a payments technology company enabling electronic payments for consumers, businesses, banks and governments worldwide. The company's transaction processing network, VisaNet, enables authorization, clearing, and settlement of payment transactions and provides financial institution and merchant clients with a range of products, platforms, and value-added services. Visa is not a bank and does not issue cards, extend credit, or set rates and fees for account holders on Visa products. Its financial institution clients are responsible for managing account holder and merchant relationships. The company has paid a quarterly dividend every year since 2008. Visa was added to the Dow Jones Industrial Average Index in 2013.