On 29 October, Visa (V) increased its quarterly dividend by 13.46%, from 52¢ to 59¢ per
share.
share.
The dividend will be paid on 2 December to shareholders of record on 12
November. The ex-dividend date is 12 November.
V’s contribution to DivGro’s projected annual dividend income will increase
by $28 to $236.
I own 100 shares of V at an average cost basis of $204.32 per share. Following this increase, my yield on cost
is 1.16%. (V’s forward yield is 0.81% at $290.74 per share).
Since I opened my V position in September 2018, the stock has produced total returns of 45%, including $640.13 in dividend income.
That’s an annualized rate of return of 11.2%.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $1.050 | $1.220 | $1.335 | $1.575 | $1.870 | ⬆ | $2.150✝ |
| 19.32% | 16.19% | 9.43% | 17.98% | 18.73% | ⬇ | 14.97% |
| 5-year DGR: | 16.27% | ⬇ | 15.41% | |||
✝projected, assuming no further changes