5 Best Dividend Paying Stocks To Buy Now

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 177
Dividend Yield as of March 14: 0.84%

Visa Inc. (NYSE:V) is a California-based financial services company that deals in electronic funds transfers throughout the world. The company currently pays a quarterly dividend of $0.45 per share for a dividend yield of 0.84%, as of March 14. It maintains a 16-year streak of consistent dividend growth.

Visa Inc. (NYSE:V) remained committed to its shareholders, returning nearly $3 billion to its investors through dividends.

At the end of Q4 2022, 177 hedge funds in Insider Monkey’s database owned stakes in Visa Inc. (NYSE:V), compared with 165 in the previous quarter. These stakes are worth over $26.4 billion collectively.

Vulcan Value Partners mentioned Visa Inc. (NYSE:V) in its Q4 2022 investor letter. Here is what the firm has to say:

“Mastercard and Visa Inc. (NYSE:V) both delivered strong top and bottom-line results during the quarter. MasterCard grew its revenues and operating profits approximately 23% and 27% respectively. Visa grew its revenues and operating profits approximately 19% and 19% respectively. Both companies also produced strong free cash flow.”

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