Visa's Upcoming US$0.67 Dividend Payment: Know the Deadline

Visa Inc. (NYSE:V) is about to pay out a dividend of US$0.67 per share, but investors need to act quickly as the stock will trade ex-dividend soon.

The ex-dividend date is one business day before the record date, which is August 11th. Any trades on or after this date won't be eligible for the dividend payment on September 1st.

Visa's dividend has been growing steadily over the years, with a trailing yield of around 0.7% based on last year's payments and the current share price of US$370.47.

The company has a low and conservative payout ratio of just 23% of its income after tax, which suggests that the dividend is sustainable.