5 Stocks with Over 10 Years of Dividend Increases

2. Visa Inc. (NYSE: V)

Number of Hedge Fund Holders: 164
Number of Years of Consecutive Dividend Increases: 13
Dividend Yield: 0.5%

Visa Inc. (NYSE: V) is an information technology company operating across the globe. It works to provide digital payments services to consumers, financial institutions, businesses, and government entities, among others, and ranks 2nd on our list of stocks with over 10 years of dividend increases.

David Koning, an analyst at Baird, has raised his price target on Visa Inc. (NYSE: V) from $282 to $305 just this July. Koning has also kept his Outperform rating on Visa Inc. (NYSE: V) shares while commenting that he expects the company’s Q3 earnings and revenue to beat estimates.

In the fiscal second quarter of 2021, Visa Inc. (NYSE: V) had an EPS of $1.38, beating estimates by $0.11. The company’s revenue was $5.73 billion, also beating estimates by $175.03 million. Visa Inc. (NYSE: V) has gained about 20.61% in the past 6 months and 11.89% year to date as well.

By the end of the first quarter of 2021, 164 hedge funds out of the 866 tracked by Insider Monkey held stakes in Visa Inc. (NYSE: V) worth roughly $26.5 billion. This is compared to 166 hedge funds in the previous quarter with stakes worth approximately $23.5 billion.