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Dividend up 20%

Visa announced yesterday that they will increase dividend rate by 20%, raising the annual payout to 1.92 Dollars a share. On a share price of 212 Dollars that is around 0.91 percent, pre tax. A two year treasury note yields 0.38 percent. One is supposed to be safe as houses and the other is a growing business in the more than a little exciting area of electronic payments. Results are next week, after the market closes on the 29th of October.


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