Image Source: On 29 October, Visa () increased its quarterly dividend by 13.46%, from 52¢ to 59¢ per 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 changesMore By This Author:Brown & Brown Dividend IncreaseRollins Dividend IncreaseStarbucks Dividend Increase
