Visa Inc. (NYSE:V) announced a quarterly dividend on Tuesday, October 18th. Investors of record on Friday, November 18th will be paid a dividend of 0.165 per share by the credit-card processor on Tuesday, December 6th. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. This is an increase from Visa’s previous quarterly dividend of $0.14.

Shares of Visa (NYSE:V) traded down 0.69% during midday trading on Tuesday, reaching $81.58. The company had a trading volume of 11,673,693 shares. The firm has a market capitalization of $192.53 billion, a P/E ratio of 34.67 and a beta of 0.95. The company has a 50 day moving average price of $82.33 and a 200-day moving average price of $79.45. Visa has a one year low of $66.12 and a one year high of $83.79.

Visa (NYSE:V) last posted its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.67 billion. On average, analysts anticipate that Visa will post $2.79 EPS for the current fiscal year.

Dividend History for Visa (NYSE:V)

Large investors have recently made changes to their positions in the company. Banced Corp boosted its stake in Visa by 43.0% in the second quarter. Banced Corp now owns 4,475 shares of the credit-card processor’s stock worth $312,000 after buying an additional 1,345 shares during the last quarter. Argent Trust Co boosted its stake in Visa by 2.9% in the second quarter. Argent Trust Co now owns 44,019 shares of the credit-card processor’s stock worth $3,265,000 after buying an additional 1,255 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in Visa by 4.7% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 8,003 shares of the credit-card processor’s stock worth $593,000 after buying an additional 361 shares during the last quarter. Progressive Investment Management Corp boosted its stake in Visa by 5.9% in the second quarter. Progressive Investment Management Corp now owns 8,540 shares of the credit-card processor’s stock worth $633,000 after buying an additional 472 shares during the last quarter. Finally, Burney Co. boosted its stake in Visa by 1.7% in the second quarter. Burney Co. now owns 39,710 shares of the credit-card processor’s stock worth $2,945,000 after buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 80.06% of the company’s stock.

Several equities analysts have commented on the stock. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $83.12 target price on the stock. in a research report on Monday, August 8th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, July 19th. Barclays PLC dropped their target price on shares of Visa from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $90.00 price target on shares of Visa in a report on Friday, July 22nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $93.00 price target on shares of Visa in a report on Friday, July 22nd. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $89.36.

Visa Company Profile

Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

5 Day Chart for NYSE:V

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