Why Visa’s (V) Dividend Growth Story Appeals to NYSE Dividend Stocks Investors

Visa Inc. (NYSE:V) is included among the 10 Best NYSE Dividend Stocks to Buy.

Why Visa’s (V) Dividend Growth Story Appeals to NYSE Dividend Stocks Investors

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Visa Inc. (NYSE:V) operates a global payment network that handles prepaid, debit, and credit card transactions. Accepted in over 200 countries and territories, it is one of the most widely used payment systems in the world. In fiscal 2024 alone, the company processed 234 billion transactions.

Visa Inc. (NYSE:V) is often at the forefront of payment technology. It was the first major network to complete a cryptocurrency transaction and has invested significantly in artificial intelligence systems to strengthen fraud detection. At present, the company processes roughly $13 trillion in annualized payment volume through about 4.8 billion branded debit and credit cards.

In addition, Visa Inc. (NYSE:V) is popular among investors because of its strong dividend history. The company has been rewarding shareholders with growing dividends for the past 17 years. It currently offers a quarterly dividend of $0.59 per share and has a dividend yield of 0.69%, as of September 20.

While we acknowledge the potential of V as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than V and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.