5 Best-Performing Dow Stocks in 2023

In this article, we will take a look at the 5 best-performing Dow stocks in 2023. To see more such companies, go directly to 18 Best-Performing Dow Stocks in 2023.

5. Visa Inc. (NYSE:V)

YTD Stock Gain Through November 17: 19.64%

Visa Inc. (NYSE:V) recently posted strong fiscal Q4 results. Visa Inc. (NYSE:V) also upped its quarterly dividend a whopping 15.6%. In October Visa Inc. (NYSE:V)’s board declared a new $25 billion multi-year class A common stock share repurchase program.

Ensemble Capital Management made the following comment about Visa Inc. (NYSE:V) in its Q3 2023 investor letter:

“Mastercard is a company that pretty much everyone has heard of. In fact, when we meet with Ensemble’s clients, we occasionally tell them that we’re nearly certain that they are carrying a Mastercard in their wallet or purse as we speak, and if not, they are carrying a Visa Inc. (NYSE:V). Most people carry both.

People carry Mastercard and Visa because they are accepted nearly everywhere in developed markets. And they are accepted in most emerging economies, at least at locations where higher income people spend money. As a shopper you can show up at a bodega in Peru, a high end hotel in Tokyo, a truck stop in Alabama, or an ice cream cart in Milan, show them a piece of plastic and they’ll let you walk away with goods and services without any worry that they aren’t going to get paid…” (Click here to read the full text)