2024-07-24 12:53:43 ET
Summary
- On July 23, Visa reported its latest earnings results, presenting an EPS of $2.42, an increase of 12% compared to the same quarter in the previous year.
- The strong earnings results strengthen my belief that the company is on track for growth.
- Visa’s financial results further increase my confidence that the company can be a strategically important key element of your investment portfolio, strongly contributing to your portfolio’s dividend growth potential.
- Visa exhibits the lowest risk level compared to Mastercard, American Express, and PayPal due to Visa’s lower total debt-to-equity ratio, higher net income margin, and reduced 24M beta factor.
Investment Thesis
On July 23, Visa Inc. ( V ) presented its latest earnings results . The company reported an EPS of $2.42, which is an increase of 12% when compared to the same quarter in the previous year. It's also worth highlighting that payment volumes increased by 7% year-over-year, cross-border volume by 14%, and processed transactions by 10%. The company’s board of directors announced a quarterly cash dividend of $0.52 per share, which will be paid on Sept. 3.
Visa’s excellent earnings results in Q3 2024 strengthen my belief that Visa remains an attractive dividend growth stock....
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For further details see:
Visa's Strong Earnings: A Dividend Growth Engine For Your Dividend Income Portfolio