Visa Stock To Go Ex-dividend Tomorrow (V)

NEW YORK (TheStreet) -- The ex-dividend date for Visa (NYSE:V) is tomorrow, August 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $128.97 as of 9:30 a.m. ET, the dividend yield is 0.7%.

The average volume for Visa has been 3.6 million shares per day over the past 30 days. Visa has a market cap of $69.17 billion and is part of the services sector and diversified services industry. Shares are up 27.1% year to date as of the close of trading on Monday.

Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company has a P/E ratio of 65.2, below the average diversified services industry P/E ratio of 96.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Visa Ratings Report.

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