Visa's Board Of Directors Increased Quarterly Cash Dividend From $0.45 To $0.52 Per Share And Authorized A New $25B Multi-Year Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Visa's board of directors has authorized a new $25 billion multi-year share repurchase program and increased the company's quarterly cash dividend from $0.45 to $0.52 per share. The dividend will be payable on December 1, 2023, to all holders of record as of November 9, 2023.
October 24, 2023 | 11:15 pm
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Visa's new share repurchase program and increased dividend could make the stock more attractive to investors, potentially driving up the stock price in the short term.
Share repurchase programs often lead to a rise in the stock's price as they reduce the number of shares in circulation, increasing earnings per share. Additionally, an increased dividend can make a stock more attractive to income-focused investors, potentially increasing demand for the stock.
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