Visa increased its quarterly dividend by 19% to $0.125. The company paid a dividend of $0.105 for the past 5 quarters. This marks the first dividend increase since the company's IPO in 2008.
"Dividend Growth Investors do not have to depend upon prices of stocks to finance retirement. It is the income these stocks provide we are after. Our income from Canadian tax-advantaged dividends went up last year. It will go up again next year. That's our objective ... growing retirement income." - Tom Connolly
This Blog is intended to educate readers about investing in Dividend Growth Stocks. My credentials include the CFA designation, an MBA education and Bay Street work experience.
2 comments:
The move comes as a surprise as I was expecting a 10% increase to occur in Q1
Visa is on FIRE
Reached an all-time high today of $89.69.
Looks like Visa will now be part of the S&P 500 Index.
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