By Hedge Ly
Upon release of their numbers today Visa (NYSE: V) announced a 1 billion dollar share repurchase authorization which will take place through September 2011. The company also saw quarter 4 payments volume growth up 14% over last year.
Visa also gave investors another reason to stick around increasing their quarterly dividend 20% to 15c
payable on December 7 to holders of record on November 19th.
payable on December 7 to holders of record on November 19th.
Visa shares closed down today 11 cents to settle at 79.92. Currently trading down after hours.... I guess the interest monies has to go somewhere .....
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