Visa Declares Quarterly Dividend
Visa has declared its first dividend of 2013. The quarterly payout will be $0.33 per class A common stock, and on an as-converted basis for the company's class B and C shares. The dividend will be disbursed on March 5 to shareholders of record as of the end of February 15.
On an annualized basis, that dividend equates to a yield of 0.8%.
The payout matches the previous amount, which was handed out last November. Prior to that, Visa had disbursed $0.22 per share.
In recent times, the company has generally raised its dividend once every year.
The article Visa Declares Quarterly Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Visa. The Motley Fool recommends Visa. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.