Is Visa a Buy After Its Dividend Hike?
It isn't exactly a well-kept secret that when a stock announces a massive dividend increase, investors tend to pay attention. After all, a dividend increase more often than not signals insiders are confident in the direction of their company.
Payment-processing stock Visa (NYSE: V) put investors on notice in late-October when it declared a 17.2% increase in its quarterly dividend from $0.32 to $0.375 per share. Let's take a look at a few reasons why Visa's board of directors were comfortable enough to authorize a huge dividend increase, as well as whether the stock is a buy at its current valuation.
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Source Fool.com