Visa Set to Pay US$0.67 Dividend on September 1

Visa Inc., listed on the NYSE as V, is about to trade ex-dividend. This means that any trades made after August 11 will not be eligible for the upcoming dividend payment of US$0.67 per share. The record date, when shareholders are determined, is typically one business day before the ex-dividend date.

Visa's next dividend payment will occur on September 1, following a total payout of US$2.68 to shareholders last year. With a trailing yield of around 0.7% based on the current share price of US$370.47, Visa's dividend looks attractive. However, it is essential to assess whether the company can sustain its dividend payments without compromising its earnings growth.

Visa has demonstrated impressive earnings per share growth, rising by 20% annually over the last five years. The company also boasts a low and conservative payout ratio of just 23% of its income after tax, indicating that it is well-positioned to maintain its dividend payments.

In conclusion, Visa appears to be a promising dividend stock, but investors should remain aware of potential risks. For those interested in strong dividend payers, we recommend checking our selection of top dividend stocks.